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FX.co ★ GBPJPY M5: Double Bottom

GBPJPY M5: Double Bottom

Double BottomThe Double Bottom pattern has been formed on GBPJPY M5. Characteristics: the support level 195.19; the resistance level 195.40; the width of the pattern 21 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 20 points.
The M5 and M15 time frames may have more false entry points.
*L'analyse de marché présentée est de nature informative et n'est pas une incitation à effectuer une transaction
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