FX.co ★ USDJPY D1: Triple Top

The Triple Top pattern has formed on the chart of the USDJPY D1. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 157.52/158.29 with the upper limit 159.91/160.04; the projection of the width is 239 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 157.52, the price is most likely to continue the downward movement.