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 197.28 with the upper limit 197.28/197.12, the projection of the width is 31 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 196.97, the price is most likely to continue the upward movement.