According to the chart of M5, GBPJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 212.54 – 212.54 and upper border 212.74 – 212.74. In case the upper border is broken, the instrument is likely to follow the upward trend. The M5 and M15 time frames may have more false entry points.