FX.co ★ GBPJPY M5: Bearish Symmetrical Triangle

The Bearish Symmetrical Triangle pattern has formed on the GBPJPY M5 chart. Its lower boundary passes through 216.53/216.71, while its upper boundary passes through 216.84/216.71. The pattern width is 31 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If GBPJPY breaks below the lower boundary, the price could move toward 216.56.