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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 211.68, its lower boundary is at 211.44, and its width is 24 points. A break below the lower boundary is likely to confirm further downward movement toward 211.29.
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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