FX.co ★ GBPUSD M5: Triple Bottom

The Triple Bottom pattern has formed on the chart of GBPUSD M5. Features of the pattern: The lower line of the pattern has coordinates 1.3542 with the upper limit 1.3542/1.3511, the projection of the width is 38 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 1.3504, the price is most likely to continue the upward movement.