FX.co ★ GBPJPY M5: Bullish Symmetrical Triangle

The Bullish Symmetrical Triangle pattern has formed on the GBPJPY M5 chart, signaling a likely continuation of the trend. Its upper boundary passes through 208.77/208.58, while its lower boundary passes through 208.40/208.58. The pattern width is 37 points. When the Bullish Symmetrical Triangle forms during an uptrend, it indicates that the prevailing trend may continue. A breakout above 208.58 could send the price toward 208.73.