FX.co ★ GBPAUD M5: Bearish Symmetrical Triangle

The Bearish Symmetrical Triangle pattern has formed on the GBPAUD M5 chart. Its lower boundary passes through 1.8833/1.8845, while its upper boundary passes through 1.8856/1.8845. The pattern width is 23 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If GBPAUD breaks below the lower boundary, the price could move toward 1.8830.