FX.co ★ GBPJPY M15: Double Bottom

The Double Bottom pattern has been formed on GBPJPY M15; the upper boundary is 192.54; the lower boundary is 191.83. The width of the pattern is 68 points. In case of a break of the upper boundary 192.54, 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.