FX.co ★ GBPUSD M30: Bearish Symmetrical Triangle

According to the chart of M30, GBPUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.2604/1.2626 and upper border is 1.2643/1.2626. The pattern width is measured on the chart at -39 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 GBPUSD breaches the lower border, the price could continue its move toward 1.2596.