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

The Bullish Rectangle has formed on the GBPJPY M30 chart. This pattern indicates a likely continuation of the trend. Its resistance is at 208.84 and its support is at 208.46. A breakout above the resistance zone at 208.84–208.84 is likely to signal a continuation of the bullish trend.

The Bullish Rectangle has formed on the GBPJPY M15 chart. This pattern indicates a likely continuation of the trend. Its resistance is at 208.84 and its support is at 208.46. A breakout above the resistance zone at 208.84–208.84 is likely to signal a continuation of the bullish trend.

The Bullish Rectangle has formed on the GBPJPY M5 chart. This pattern indicates a likely continuation of the trend. Its resistance is at 208.07 and its support is at 207.86. A breakout above the resistance zone at 208.07–208.07 is likely to signal a continuation of the bullish trend.

The Bullish Pennant pattern has formed on the GBPJPY M5 chart. This is a continuation pattern. If the price closes above the pennant high at 208.17, the uptrend is likely to continue.

The Double Bottom pattern has formed on the GBPJPY M5 chart. Its support is at 207.42, its resistance is at 207.89, and its width is 47 points. A break above resistance may confirm a trend reversal, with the first target projected 46 points away.

The Double Bottom pattern has formed on the GBPJPY M5 chart. Its support is at 207.43, its resistance is at 207.59, and its width is 16 points. A break above resistance may confirm a trend reversal, with the first target projected 17 points away.

The Double Top reversal pattern has formed on the GBPJPY M5 chart. Its upper boundary is at 208.53, its lower boundary is at 208.32, and its width is 21 points. A break below the lower boundary is likely to confirm further downward movement toward 208.17.

The Double Top reversal pattern has formed on the GBPJPY M5 chart. Its upper boundary is at 208.54, its lower boundary is at 208.32, and its width is 21 points. A short position may be considered below the lower boundary at 208.32, with a potential target at 208.17.

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 207.92 is likely to confirm further downward movement.

The Head and Shoulders pattern has formed on the GBPJPY M5 chart. The head high is at 208.85, while the neckline passes through 208.40/208.40. The pattern may reverse the current uptrend. A break below the lower neckline anchor may confirm the bearish reversal.