FX.co ★ NZDJPY M15: Triple Bottom

The Triple Bottom pattern has formed on the chart of NZDJPY M15. The lower boundary is at 89.00, while the upper boundary is at 89.18/89.16. The projected width is 18 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 89.18 is broken, the price is likely to continue upward.