FX.co ★ NZDJPY M5: Double Bottom

The Double Bottom pattern has been formed on NZDJPY M5; the upper boundary is 92.35; the lower boundary is 92.24. The width of the pattern is 12 points. In case of a break of the upper boundary 92.35, 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.