FX.co ★ GBPUSD M5: Bearish Symmetrical Triangle

The Bearish Symmetrical Triangle pattern has formed on the GBPUSD M5 chart. Its lower boundary passes through 1.3534/1.3540, while its upper boundary passes through 1.3546/1.3540. The pattern width is 12 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If GBPUSD breaks below the lower boundary, the price could move toward 1.3525.