FX.co ★ NZDJPY M5: Triple Bottom

The Triple Bottom pattern has formed on the chart of NZDJPY M5. Features of the pattern: The lower line of the pattern has coordinates 87.24 with the upper limit 87.24/87.02, the projection of the width is 29 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 86.95, the price is most likely to continue the upward movement.