FX.co ★ GBPJPY M5: Triple Top

The Triple Top pattern has formed on the chart of the GBPJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 196.07/196.10 with the upper limit 196.17/196.18; the projection of the width is 10 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 196.07, the price is most likely to continue the downward movement.