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FX.co ★ USDJPY M5: Triple Top

USDJPY M5: Triple Top

Triple TopThe Triple Top reversal pattern has formed on the USDJPY M5 chart. Its upper boundary is at 159.76/159.77, its lower boundary is at 159.64/159.70, and its current width is 9 points. If the confirmation support at 159.64 is broken, that width can be used to project the downward move.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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