FX.co ★ GBPUSD M15: Bullish Symmetrical Triangle

According to the chart of M15, GBPUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.2463/1.2437 whereas the lower border goes across 1.2417/1.2437. The pattern width is measured on the chart at 46 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.2437 is broken, the price could continue its move toward 1.2459.