FX.co ★ Patterns GBPJPY | British Pound (GBP) to Japanese Yen (JPY) Rate in the Forex market

The Bullish Symmetrical Triangle pattern has formed on the GBPJPY M5 chart. This is a trend continuation pattern. Its upper and lower boundaries are at 217.23 and 216.84, respectively. The pattern width is 39 points. If the price breaks above the upper boundary at 217.23, it is likely to move toward 217.16.

The Bullish Rectangle has formed on the GBPJPY M30 chart. This pattern indicates a likely continuation of the trend. Its resistance is at 217.14 and its support is at 216.75. A breakout above the resistance zone at 217.14–217.14 is likely to signal a continuation of the bullish trend.

The Bullish Rectangle has formed on the GBPJPY H1 chart. This is a trend continuation pattern bounded by the lower boundary at 216.75–216.75 and the upper boundary at 217.14–217.14. A breakout above the upper boundary is likely to signal a continuation of the uptrend.

The Double Top pattern has formed on the GBPJPY H1 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 216.75 is likely to confirm further downward movement.

The Double Top reversal pattern has formed on the GBPJPY H1 chart. Its upper boundary is at 217.08, its lower boundary is at 216.31, and its width is 81 points. A short position may be considered below the lower boundary at 216.31, with a potential target at 215.91.

The Bullish Symmetrical Triangle pattern has formed on the GBPJPY M15 chart. This is a trend continuation pattern. Its upper and lower boundaries are at 217.12 and 216.78, respectively. The pattern width is 34 points. If the price breaks above the upper boundary at 217.12, it is likely to move toward 217.15.

The Bullish Symmetrical Triangle pattern has formed on the GBPJPY M5 chart. This is a trend continuation pattern. Its upper and lower boundaries are at 217.12 and 216.78, respectively. The pattern width is 34 points. If the price breaks above the upper boundary at 217.12, it is likely to move toward 217.07.

The Double Bottom pattern has formed on the GBPJPY M5 chart. Its upper boundary is at 215.95, its lower boundary is at 215.83, and its width is 12 points. A break above the upper boundary at 215.95 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.

The Triple Top pattern has formed on the chart of GBPJPY M5 and signals a possible trend reversal. After the third peak forms, a break below the confirmation support at 215.74 may confirm the bearish scenario. The projected peak-to-trough width is 7 points.

The Triple Top pattern has formed on the chart of GBPJPY M5 and signals a possible trend reversal. After the third peak forms, a break below the confirmation support at 215.75 may confirm the bearish scenario. The projected peak-to-trough width is 8 points.