FX.co ★ NZDJPY M5: Bullish Symmetrical Triangle

According to the chart of M5, NZDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 76.94/77.04 whereas the upper border goes across 77.14/77.04. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of NZDJPY will breach the upper border to head for 77.19.