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FX.co ★ GBPJPY M5: Triple Top

GBPJPY M5: Triple Top

Triple TopThe Triple Top reversal pattern has formed on the GBPJPY M5 chart. Its upper boundary is at 211.78/211.23, its lower boundary is at 209.75/210.87, and its current width is 20 points. If the confirmation support at 209.75 is broken, that width can be used to project the downward move.
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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