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FX.co ★ GBPJPY M5: Double Top

GBPJPY M5: Double Top

Double TopThe Double Top pattern has formed on the GBPJPY M5 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 210.09 is likely to confirm further downward movement.
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
Go to the patterns list Go to graph