FX.co ★ AUDJPY M5: Triple Top

The Triple Top pattern has formed on the chart of the AUDJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 110.81/111.01 with the upper limit 111.17/111.14; the projection of the width is 36 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 110.81, the price is most likely to continue the downward movement.