FX.co ★ USDJPY M5: Double Bottom

The Double Bottom pattern has been formed on USDJPY M5; the upper boundary is 160.05; the lower boundary is 160.01. The width of the pattern is 4 points. In case of a break of the upper boundary 160.05, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.