Bullish Symmetrical Triangle
was formed on 01.07 at 23:10:04 (UTC+0)
signal strength 1 of 5
According to the chart of M5, NZDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 69.45/69.56 whereas the upper border goes across 69.68/69.56. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of NZDJPY will breach the upper border to head for 69.71.
The M5 and M15 time frames may have more false entry points.
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