FX.co ★ GBPJPY M5: Triple Top

The Triple Top pattern has formed on the chart of the GBPJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 194.20/194.31 with the upper limit 194.42/194.44; the projection of the width is 22 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 194.20, the price is most likely to continue the downward movement.