FX.co ★ GBPJPY M5: Double Bottom

The Double Bottom pattern has formed on the GBPJPY M5 chart. Its upper boundary is at 215.95, its lower boundary is at 215.83, and its width is 12 points. A break above the upper boundary at 215.95 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.