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

GBPJPY M15

Bearish Symmetrical Triangle
According to the chart of M15, GBPJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 151.30/151.52 and upper border is 151.84/151.52. The pattern width is measured on the chart at -54 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and GBPJPY breaches the lower border, the price could continue its move toward 151.
2021-03-19

GBPJPY M5

Bullish Symmetrical Triangle
According to the chart of M5, GBPJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 151.36/151.52 whereas the upper border goes across 151.75/151.52. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of GBPJPY will breach the upper border to head for 151.67.
2021-03-19

GBPJPY M30

Double Top
On the chart of GBPJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 152.51; the lower boundary 152.14; the width of the pattern 37 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 151.84 level.
2021-03-18

GBPJPY M5

Head and Shoulders
According to the chart of M5, GBPJPY formed the Head and Shoulders pattern. The Head’s top is set at 151.97 while the median line of the Neck is found at 151.49/151.55. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of GBPJPY will go towards 151.40.
2021-03-17

GBPJPY M5

Bullish Symmetrical Triangle
According to the chart of M5, GBPJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 151.67/151.55 whereas the lower border goes across 151.38/151.55. The pattern width is measured on the chart at 29 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 151.55 is broken, the price could continue its move toward 151.
2021-03-17

GBPJPY M15

Bullish Rectangle
According to the chart of M15, GBPJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 151.35 – 151.35 and upper border 151.48 – 151.48. In case the upper border is broken, the instrument is likely to follow the upward trend.
2021-03-16

GBPJPY M5

Inverse Head and Shoulder
According to the chart of M5, GBPJPY formed the Inverse Head and Shoulder pattern. The Head’s top is set at 151.08 while the median line of the Neck is found at 150.76/150.96. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of GBPJPY will go towards 151.23
2021-03-16

GBPJPY M15

Double Top
On the chart of GBPJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 152.08; the lower boundary 151.89; the width of the pattern 19 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 151.66 level.
2021-03-15

GBPJPY M15

Bullish Rectangle
According to the chart of M15, GBPJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 151.86 – 151.86 and upper border 152.02 – 152.02. In case the upper border is broken, the instrument is likely to follow the upward trend.
2021-03-15

GBPJPY M15

Double Top
On the chart of GBPJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 152.00; the lower boundary 151.87; the width of the pattern 13 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 151.65 level.
2021-03-15