FX.co ★ GBPJPY M5: Triple Bottom

The Triple Bottom pattern has formed on the chart of GBPJPY M5. Features of the pattern: The lower line of the pattern has coordinates 199.12 with the upper limit 199.12/199.01, the projection of the width is 27 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 198.85, the price is most likely to continue the upward movement.