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

The Double Top reversal pattern has formed on the GBPJPY M5 chart. Its upper boundary is at 209.54, its lower boundary is at 209.42, and its width is 12 points. A break below the lower boundary is likely to confirm further downward movement toward 209.27.

The Bullish Flag pattern has formed on the GBPJPY M15 chart, signaling a likely continuation of the uptrend. A break above the pattern high at 209.44 may send the price higher by a distance corresponding to the height of the flagpole.

The Bullish Pennant pattern has formed on the GBPJPY M15 chart. This is a trend continuation pattern. If the price breaks above the pattern high at 209.44, the uptrend is expected to continue toward 209.66.

The Bullish Symmetrical Triangle pattern has formed on the GBPJPY H1 chart. Its lower boundary passes through 207.79/208.81, while its upper boundary passes through 210.17/208.81. The Bullish Symmetrical Triangle is a continuation pattern and therefore supports a further rise. If confirmed, GBPJPY is expected to break the upper boundary and move toward 209.21.

The Bearish Symmetrical Triangle pattern has formed on the GBPJPY H1 chart. Its lower boundary passes through 206.85/208.64, while its upper boundary passes through 210.55/208.64. The pattern width is 370 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If GBPJPY breaks below the lower boundary, the price could move toward 208.24.

The Bullish Pennant pattern has formed on the GBPJPY M5 chart. This is a trend continuation pattern. If the price breaks above the pattern high at 209.08, the uptrend is expected to continue toward 209.23.

The Double Top reversal pattern has formed on the GBPJPY M5 chart. Its upper boundary is at 208.21, its lower boundary is at 208.03, and its width is 20 points. A short position may be considered below the lower boundary at 208.03, with a potential target at 207.88.

The Double Bottom pattern has formed on the GBPJPY M30 chart. Its support is at 208.03, its resistance is at 208.53, and its width is 50 points. A break above resistance may confirm a trend reversal, with the first target projected 55 points away.

The Bullish Symmetrical Triangle pattern has formed on the GBPJPY M5 chart, signaling a likely continuation of the trend. Its upper boundary passes through 208.77/208.58, while its lower boundary passes through 208.40/208.58. The pattern width is 37 points. When the Bullish Symmetrical Triangle forms during an uptrend, it indicates that the prevailing trend may continue. A breakout above 208.58 could send the price toward 208.73.

The Double Top pattern has formed on the GBPJPY M15 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 208.78 is likely to confirm further downward movement.