
According to the chart of M5, GBPJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 192.05 and 190.91 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 114 pips. Outlook: If the upper border 192.05 is broken, the price is likely to continue its move by 191.72.
The M5 and M15 time frames may have more false entry points.