FX.co ★ USDJPY M15: Triple Top

The Triple Top pattern has formed on the chart of the USDJPY M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 148.96/149.13 with the upper limit 149.34/149.31; the projection of the width is 38 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 148.96, the price is most likely to continue the downward movement.