FX.co ★ GBPJPY M5: Double Bottom

The Double Bottom pattern has been formed on GBPJPY M5; the upper boundary is 209.19; the lower boundary is 209.02. The width of the pattern is 16 points. In case of a break of the upper boundary 209.19, 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.