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FX.co ★ NZDJPY M5: Triple Bottom

NZDJPY M5: Triple Bottom

Triple BottomThe Triple Bottom pattern has formed on the NZDJPY M5 chart. It has the following characteristics: resistance at 89.03; support at 88.85; pattern width of 18 points. If the confirmation resistance at 89.06 is broken, the price is likely to continue upward by at least 21 points.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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