FX.co ★ GBPUSD H1: Bearish Symmetrical Triangle

The Bearish Symmetrical Triangle pattern has formed on the GBPUSD H1 chart. Its lower boundary passes through 1.3478/1.3536, while its upper boundary passes through 1.3595/1.3536. The pattern width is 117 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If GBPUSD breaks below the lower boundary, the price could move toward 1.3496.