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FX.co ★ GBPJPY M5: Double Top

GBPJPY M5: Double Top

Double TopThe Double Top reversal pattern has formed on the GBPJPY M5 chart. Its upper boundary is at 208.54, its lower boundary is at 208.32, and its width is 21 points. A short position may be considered below the lower boundary at 208.32, with a potential target at 208.17.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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