FX.co ★ GBPJPY M15: Bullish Symmetrical Triangle

According to the chart of M15, GBPJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 207.50/208.22 whereas the upper border goes across 208.72/208.22. 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 GBPJPY will breach the upper border to head for 208.45.