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 160.47/160.53 with the upper limit 160.67/160.69; the projection of the width is 20 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 160.47, the price is most likely to continue the downward movement.