FX.co - Actual patterns. Instrument: GBPJPY: 22

There is nothing more precious to a trader than an ability to predict a further price movement. Technical analysis is a key to your successful transaction. At the same time, you can rely on common and recurring situations that arise in the same circumstances. Our Technical Analysis Patterns section features all trading recommendations based on the technical analysis patterns that help traders make projections and turn a profit.

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Figure:

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Triangle

Rectangle

Pennant

Flag

Head and Shoulders

Double Top

Triple top

Timeframe:

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M5

M15

M30

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D1

Signal strength:

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Signal direction:

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Buy

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GBPJPY

GBPJPY M5

Bearish pennant

The Bearish pennant pattern has formed on the GBPJPY M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 188.16 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

2025-03-04T15:18:08

GBPJPY M5

The Double Bottom pattern has been formed on GBPJPY M5. 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 189.04 is broken. The further movements will rely on the width of the current pattern 32 points.

2025-03-04T12:35:02

GBPJPY M5

On the chart of GBPJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 189.67; the lower boundary 189.49; the width of the pattern 18 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 189.34 level.

2025-03-04T06:09:46

GBPJPY M5

Bearish Rectangle

According to the chart of M5, GBPJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 190.52 – 190.52 and upper border 191.01 – 191.01. In case the lower border is broken, the instrument is likely to follow the downward trend.

2025-03-03T16:26:17

GBPJPY M30

The Double Top pattern has been formed on GBPJPY M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 188.80 is broken, the downward movement will continue.

2025-03-03T01:00:21

GBPJPY M5

The Double Bottom pattern has been formed on GBPJPY M5. Characteristics: the support level 188.84; the resistance level 189.35; the width of the pattern 51 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 55 points.

2025-02-28T19:20:14

GBPJPY M5

The Double Bottom pattern has been formed on GBPJPY M5; the upper boundary is 188.87; the lower boundary is 188.60. The width of the pattern is 29 points. In case of a break of the upper boundary 188.87, 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.

2025-02-27T21:34:59

GBPJPY M5

The Double Top reversal pattern has been formed on GBPJPY M5. Characteristics: the upper boundary 189.55; the lower boundary 189.01; the width of the pattern is 56 points. Sell trades are better to be opened below the lower boundary 189.01 with a possible movements towards the 188.86 level.

2025-02-27T19:05:15

GBPJPY M15

Bearish Rectangle

According to the chart of M15, GBPJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 189.18, the lower border is 188.54. The signal means that a short position should be opened after fixing a price below the lower border 188.54 of the Bearish Rectangle.

2025-02-27T02:46:07

GBPJPY M15

The Double Bottom pattern has been formed on GBPJPY M15. 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 189.09 is broken. The further movements will rely on the width of the current pattern 50 points.

2025-02-27T00:15:32