FX.co ★ EURJPY M5: Triple Top

The Triple Top pattern has formed on the chart of the EURJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 160.20/160.49 with the upper limit 160.64/160.63; the projection of the width is 44 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 160.20, the price is most likely to continue the downward movement.