FX.co ★ GBPJPY M5: Double Bottom

The Double Bottom pattern has been formed on GBPJPY M5; the upper boundary is 188.87; the lower boundary is 188.60. The width of the pattern is 29 points. In case of a break of the upper boundary 188.87, 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.