FX.co ★ NZDJPY M5: Double Bottom

The Double Bottom pattern has formed on the NZDJPY M5 chart. Its upper boundary is at 89.16, its lower boundary is at 89.10, and its width is 6 points. A break above the upper boundary at 89.16 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.