FX.co ★ NZDJPY M15: Double Bottom

The Double Bottom pattern has been formed on NZDJPY M15; the upper boundary is 89.18; the lower boundary is 88.99. The width of the pattern is 18 points. In case of a break of the upper boundary 89.18, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.