FX.co ★ GBPAUD H1: Bearish Symmetrical Triangle

According to the chart of H1, GBPAUD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.9249/1.9317 and upper border is 1.9381/1.9317. The pattern width is measured on the chart at -132 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 1.9277.