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FX.co ★ GBPJPY M5: Triple Bottom

GBPJPY M5: Triple Bottom

Triple BottomThe Triple Bottom pattern has formed on the GBPJPY M5 chart. It has the following characteristics: resistance at 210.67; support at 210.53; pattern width of 14 points. If the confirmation resistance at 210.82 is broken, the price is likely to continue upward by at least 24 points.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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