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Double Top
The Double Top reversal pattern has been formed on GBPJPY M5. Characteristics: the upper boundary 191.95; the lower boundary 191.84; the width of the pattern is 10 points. Sell trades are better to be opened below the lower boundary 191.84 with a possible movements towards the 191.69 level.
Triple Bottom
The Triple Bottom pattern has formed on the chart of GBPJPY M30. Features of the pattern: The lower line of the pattern has coordinates 192.81 with the upper limit 192.81/192.53, the projection of the width is 98 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 191.83, the price is most likely to continue the upward movement.
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Double Bottom
The Double Bottom pattern has been formed on GBPJPY H1. Characteristics: the support level 191.76; the resistance level 195.72; the width of the pattern 396 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 389 points.
Double Bottom
The Double Bottom pattern has been formed on GBPJPY M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 195.72 is broken. The further movements will rely on the width of the current pattern 396 points.
Triple Bottom
The Triple Bottom pattern has been formed on GBPJPY M15. It has the following characteristics: resistance level 192.54/192.19; support level 191.86/191.88; the width is 68 points. In the event of a breakdown of the resistance level of 192.54, the price is likely to continue an upward movement at least to 192.05.