FX.co ★ GBPAUD M30: Bearish Symmetrical Triangle

According to the chart of M30, GBPAUD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 2.0704/2.0818 and upper border is 2.0901/2.0818. The pattern width is measured on the chart at -197 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and GBPAUD breaches the lower border, the price could continue its move toward 2.0788.