FX.co ★ NZDJPY M5: Double Bottom

The Double Bottom pattern has been formed on NZDJPY M5; the upper boundary is 93.95; the lower boundary is 93.77. The width of the pattern is 18 points. In case of a break of the upper boundary 93.95, 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.