FX.co ★ GBPJPY H1: Triple Top

The Triple Top pattern has formed on the chart of the GBPJPY H1. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 191.62/191.98 with the upper limit 192.68/192.81; the projection of the width is 106 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 191.62, the price is most likely to continue the downward movement.