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The Triple Bottom pattern has formed on the chart of GBPJPY M5. Features of the pattern: The lower line of the pattern has coordinates 191.56 with the upper limit 191.56/191.39, the projection of the width is 31 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 191.25, the price is most likely to continue the upward movement.

On the chart of GBPJPY H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 192.70; the lower boundary 190.27; the width of the pattern 243 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 189.87 level.

On the chart of GBPJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 192.70; the lower boundary 190.27; the width of the pattern 243 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 189.97 level.

The Double Top pattern has been formed on GBPJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 191.96 is broken, the downward movement will continue.

On the chart of GBPJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 192.33; the lower boundary 191.96; the width of the pattern 37 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 191.81 level.

The Bullish pennant pattern is formed on the GBPJPY M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 192.27, a further uptrend is possible.

The Triple Bottom pattern has formed on the chart of GBPJPY M5. Features of the pattern: The lower line of the pattern has coordinates 192.42 with the upper limit 192.42/192.35, the projection of the width is 19 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 192.23, the price is most likely to continue the upward movement.

The Double Bottom pattern has been formed on GBPJPY M15; the upper boundary is 192.72; the lower boundary is 192.21. The width of the pattern is 52 points. In case of a break of the upper boundary 192.72, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Double Top reversal pattern has been formed on GBPJPY M5. Characteristics: the upper boundary 192.28; the lower boundary 192.19; the width of the pattern is 10 points. Sell trades are better to be opened below the lower boundary 192.19 with a possible movements towards the 192.04 level.

The Triple Top pattern has formed on the chart of the GBPJPY H1. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 191.62/191.98 with the upper limit 192.68/192.81; the projection of the width is 106 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 191.62, the price is most likely to continue the downward movement.