FX.co ★ AUDJPY M5: Triple Top

The Triple Top pattern has formed on the chart of the AUDJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 112.96/112.98 with the upper limit 113.03/113.04; the projection of the width is 7 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 112.96, the price is most likely to continue the downward movement.