FX.co ★ NZDJPY M5: Triple Top

The Triple Top pattern has formed on the chart of the NZDJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 93.33/93.34 with the upper limit 93.47/93.48; the projection of the width is 14 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 93.33, the price is most likely to continue the downward movement.