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FX.co ★ GBPJPY M5: Bearish Symmetrical Triangle

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Technical Analysis Patterns

2022-11-30T18:21:59
Signal strength 1 of 5

GBPJPY M5: Bearish Symmetrical Triangle

Bearish Symmetrical TriangleAccording to the chart of M5, GBPJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 166.35 is likely to encourage a continuation of the downward trend.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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Other patterns by GBPJPY