FX.co ★ AUDJPY H1: Triple Top

The Triple Top pattern has formed on the chart of the AUDJPY H1. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 79.81/80.10 with the upper limit 80.25/80.28; the projection of the width is 44 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 79.81, the price is most likely to continue the downward movement.