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FX.co ★ GBPJPY M5: Double Top

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Technical Analysis Patterns

2025-02-27T19:05:15
Signal strength 1 of 5

GBPJPY M5: Double Top

Double TopThe Double Top reversal pattern has been formed on GBPJPY M5. Characteristics: the upper boundary 189.55; the lower boundary 189.01; the width of the pattern is 56 points. Sell trades are better to be opened below the lower boundary 189.01 with a possible movements towards the 188.86 level.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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Other patterns by GBPJPY