FX.co ★ GBPJPY M5: Triple Bottom

The Triple Bottom pattern has formed on the chart of GBPJPY M5. Features of the pattern: The lower line of the pattern has coordinates 196.91 with the upper limit 196.91/196.43, the projection of the width is 73 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 196.18, the price is most likely to continue the upward movement.