NZDJPY M5 Triple Bottom

The Triple Bottom pattern has formed on the chart of NZDJPY M5. The lower boundary is at 88.69, while the upper boundary is at 88.86/88.80. The projected width is 17 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 88.86 is broken, the price is likely to continue upward.