FX.co ★ GBPJPY M5: Double Bottom

The Double Bottom pattern has been formed on GBPJPY M5; the upper boundary is 165.95; the lower boundary is 165.53. The width of the pattern is 44 points. In case of a break of the upper boundary 165.95, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.