FX.co ★ GBPUSD M15: Bearish Symmetrical Triangle

The Bearish Symmetrical Triangle pattern has formed on the GBPUSD M15 chart. Its lower boundary passes through 1.3378/1.3417, while its upper boundary passes through 1.3472/1.3417. The pattern width is 94 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If GBPUSD breaks below the lower boundary, the price could move toward 1.3395.