FX.co ★ GBPJPY H1: Bearish Symmetrical Triangle

The Bearish Symmetrical Triangle pattern has formed on the GBPJPY H1 chart. Its lower boundary passes through 206.85/208.64, while its upper boundary passes through 210.55/208.64. The pattern width is 370 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If GBPJPY breaks below the lower boundary, the price could move toward 208.24.