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

GBPJPY M15

Bearish Flag
The Bearish Flag pattern has been formed on the chart GBPJPY M15. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks below the low at 165.47, traders should enter the market.
2022-12-02

GBPJPY M15

Bearish pennant
The Bearish pennant pattern has formed on the GBPJPY M15 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 165.66, a trader will be able to successfully enter the sell position.
2022-12-02

GBPJPY M5

Bullish Rectangle
According to the chart of M5, GBPJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.00, the lower border is 0.00. The signal means that a long position should be opened above the upper border 0.00 of the Bullish Rectangle.
2022-12-01

GBPJPY M5

Bearish Rectangle
According to the chart of M5, GBPJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 165.14 - 0.00 and support 165.44 – 0.00. In case the resistance level 165.44 - 0.00 is broken, the instrument is likely to follow the bearish trend.
2022-12-01

GBPJPY M5

Double Top
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 166.25 is broken, the downward movement will continue.
2022-11-30

GBPJPY M5

Bearish Symmetrical Triangle
According to the chart of M5, GBPJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 166.35 is likely to encourage a continuation of the downward trend.
2022-11-30

GBPJPY M5

Double Top
On the chart of GBPJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 167.37; the lower boundary 167.09; the width of the pattern 28 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 166.94 level.
2022-11-30

GBPJPY M5

Double Bottom
The Double Bottom pattern has been formed on GBPJPY M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 165.96 is broken. The further movements will rely on the width of the current pattern 40 points.
2022-11-29

GBPJPY M5

Bearish Rectangle
According to the chart of M5, GBPJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 165.51 - 0.00 and support 165.95 – 0.00. In case the resistance level 165.95 - 0.00 is broken, the instrument is likely to follow the bearish trend.
2022-11-29

GBPJPY M5

Double Bottom
The Double Bottom pattern has been formed on GBPJPY M5; the upper boundary is 165.95; the lower boundary is 165.53. The width of the pattern is 44 points. In case of a break of the upper boundary 165.95, 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.
2022-11-29