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FX.co ★ GBPJPY M5: Double Top

GBPJPY M5: Double Top

Double TopThe Double Top reversal pattern has formed on the GBPJPY M5 chart. Its upper boundary is at 216.49, its lower boundary is at 216.39, and its width is 9 points. A short position may be considered below the lower boundary at 216.39, with a potential target at 216.24.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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