FX.co ★ GBPUSD M5: Double Bottom

The Double Bottom pattern has formed on the GBPUSD M5 chart. Its upper boundary is at 1.3545, its lower boundary is at 1.3535, and its width is 10 points. A break above the upper boundary at 1.3545 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.