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

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.

The Bearish Symmetrical Triangle pattern has formed on the GBPJPY M5 chart. A break below the lower boundary at 207.98 would signal a likely continuation of the downtrend. The projected move corresponds to the pattern width of 59 points.

The Triple Top reversal pattern has formed on the GBPJPY M30 chart. Its upper boundary is at 210.08/210.05, its lower boundary is at 209.75/209.86, and its current width is 25 points. If the confirmation support at 209.75 is broken, that width can be used to project the downward move.

The Triple Top pattern has formed on the chart of the GBPJPY M15 trading instrument. It is a reversal pattern with resistance at 210.08/210.05, support at 209.75/209.86, and a width of 33 points. A break below the confirmation support at 209.75 may signal further downward movement.

The Head and Shoulders pattern has formed on the GBPJPY M5 chart. The head high is at 210.08, while the neckline passes through 209.85/209.87. The pattern may reverse the current uptrend. A break below the lower neckline anchor may confirm the bearish reversal.

The Double Top reversal pattern has formed on the GBPJPY M5 chart. Its upper boundary is at 209.83, its lower boundary is at 209.73, and its width is 9 points. A short position may be considered below the lower boundary at 209.73, with a potential target at 209.58.