FX.co ★ GBPUSD M5: Double Bottom

The Double Bottom pattern has formed on the GBPUSD M5 chart. Its upper boundary is at 1.3224, its lower boundary is at 1.3214, and its width is 9 points. A break above the upper boundary at 1.3224 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.