FX.co ★ AUDJPY M5: Double Bottom

The Double Bottom pattern has been formed on AUDJPY M5; the upper boundary is 98.57; the lower boundary is 98.17. The width of the pattern is 42 points. In case of a break of the upper boundary 98.57, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.