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

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 211.19 may confirm the bearish scenario. The projected peak-to-trough width is 6 points.

The Double Top reversal pattern has formed on the GBPJPY M5 chart. Its upper boundary is at 211.27, its lower boundary is at 211.14, and its width is 13 points. A break below the lower boundary is likely to confirm further downward movement toward 210.99.

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 211.11, the uptrend is expected to continue toward 211.26.

The Triple Bottom pattern has formed on the GBPJPY M5 chart. It has the following characteristics: resistance at 210.67; support at 210.53; pattern width of 14 points. If the confirmation resistance at 210.82 is broken, the price is likely to continue upward by at least 24 points.

The Bearish Rectangle has formed on the GBPJPY D1 chart and indicates a likely continuation of the trend. Its upper boundary is at 211.96 and its lower boundary is at 206.85. A short position may be considered once the price closes below the lower boundary at 206.85 of the Bearish Rectangle.

The Bearish Rectangle has formed on the GBPJPY D1 chart and indicates a likely continuation of the trend. Its upper boundary is at 211.96 and its lower boundary is at 206.85. A short position may be considered once the price closes below the lower boundary at 206.85 of the Bearish Rectangle.

The Double Top reversal pattern has formed on the GBPJPY M5 chart. Its upper boundary is at 210.62, its lower boundary is at 210.54, and its width is 7 points. A short position may be considered below the lower boundary at 210.54, with a potential target at 210.39.

The Triple Bottom pattern has formed on the GBPJPY M5 chart. A break above the confirmation resistance at 209.85 may signal a reversal from a downtrend to an uptrend.

The Double Bottom pattern has formed on the GBPJPY M5 chart. Its support is at 209.64, its resistance is at 209.85, and its width is 21 points. A break above resistance may confirm a trend reversal, with the first target projected 22 points away.

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 210.43 and 209.93, respectively. The pattern width is 50 points. If the price breaks above the upper boundary at 210.43, it is likely to move toward 210.44.