FX.co ★ EURJPY M15: Double Bottom

The Double Bottom pattern has been formed on EURJPY M15; the upper boundary is 164.83; the lower boundary is 164.49. The width of the pattern is 32 points. In case of a break of the upper boundary 164.83, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.