The M5 and M15 time frames may have more false entry points.
FX.co ★ GBPJPY M15: Bearish Symmetrical Triangle
Signal strength 2 of 5
GBPJPY M15: Bearish Symmetrical Triangle
According to the chart of M15, GBPJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 190.56/191.03 and upper border is 191.49/191.03. The pattern width is measured on the chart at -93 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 GBPJPY breaches the lower border, the price could continue its move toward 190.80.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade