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FX.co ★ USDJPY M5: Triple Top

USDJPY M5: Triple Top

Triple TopThe Triple Top reversal pattern has formed on the USDJPY M5 chart. Its upper boundary is at 160.70/160.67, its lower boundary is at 160.37/160.50, and its current width is 26 points. If the confirmation support at 160.37 is broken, that width can be used to project the downward move.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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