FX.co ★ AUDJPY M15: Double Bottom

The Double Bottom pattern has been formed on AUDJPY M15; the upper boundary is 102.50; the lower boundary is 102.05. The width of the pattern is 44 points. In case of a break of the upper boundary 102.50, 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.