FX.co ★ GBPJPY H1: Double Bottom

The Double Bottom pattern has been formed on GBPJPY H1; the upper boundary is 212.09; the lower boundary is 209.90. The width of the pattern is 211 points. In case of a break of the upper boundary 212.09, 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.