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FX.co ★ USDJPY M5: Triple Bottom

USDJPY M5: Triple Bottom

Triple BottomThe Triple Bottom pattern has formed on the USDJPY M5 chart. It has the following characteristics: resistance at 155.76; support at 155.31; pattern width of 45 points. If the confirmation resistance at 155.79 is broken, the price is likely to continue upward by at least 43 points.
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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