FX.co ★ GBPJPY M5: Double Bottom

The Double Bottom pattern has been formed on GBPJPY M5; the upper boundary is 197.28; the lower boundary is 196.96. The width of the pattern is 31 points. In case of a break of the upper boundary 197.28, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.