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FX.co ★ NZDJPY M15: Double Bottom

NZDJPY M15: Double Bottom

Double BottomThe Double Bottom pattern has formed on the NZDJPY M15 chart. Its support is at 93.42, its resistance is at 93.60, and its width is 18 points. A break above resistance may confirm a trend reversal, with the first target projected 19 points away.
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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