FX.co ★ NZDJPY M5: Triple Top

The Triple Top pattern has formed on the chart of the NZDJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 88.89/88.95 with the upper limit 89.06/89.07; the projection of the width is 17 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 88.89, the price is most likely to continue the downward movement.