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

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.

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 215.15 and 215.01, respectively. The pattern width is 14 points. If the price breaks above the upper boundary at 215.15, it is likely to move toward 215.22.

The Triple Top pattern has formed on the chart of the GBPJPY M5 trading instrument. It is a reversal pattern with resistance at 215.08/215.11, support at 214.98/215.00, and a width of 10 points. A break below the confirmation support at 214.98 may signal further downward movement.

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 214.98 may confirm the bearish scenario. The projected peak-to-trough width is 8 points.

The Bullish Flag pattern has formed on the GBPJPY M5 chart. Its lower boundary passes through 214.98/214.92, while its upper boundary passes through 215.08/215.02. The projected flagpole height is 22 points. The formation indicates that the uptrend is likely to continue. A break above 215.08 would confirm further upward movement.

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 215.08, the uptrend is expected to continue toward 215.23.

The Bullish Symmetrical Triangle pattern has formed on the GBPJPY H1 chart. Its lower boundary passes through 214.44/214.97, while its upper boundary passes through 215.35/214.97. 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 215.37.

The Bullish Symmetrical Triangle pattern has formed on the GBPJPY M30 chart. This is a trend continuation pattern. Its upper and lower boundaries are at 215.35 and 214.45, respectively. The pattern width is 90 points. If the price breaks above the upper boundary at 215.35, it is likely to move toward 215.27.