FX.co ★ GBPUSD H1: Double Bottom

The Double Bottom pattern has been formed on GBPUSD H1; the upper boundary is 1.3250; the lower boundary is 1.3178. The width of the pattern is 70 points. In case of a break of the upper boundary 1.3250, 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.