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

The Triple Top reversal pattern has formed on the GBPJPY M5 chart. Its upper boundary is at 211.78/211.23, its lower boundary is at 209.75/210.87, and its current width is 20 points. If the confirmation support at 209.75 is broken, that width can be used to project the downward move.

The Double Top reversal pattern has formed on the GBPJPY M5 chart. Its upper boundary is at 211.68, its lower boundary is at 211.44, and its width is 24 points. A break below the lower boundary is likely to confirm further downward movement toward 211.29.

The Double Top pattern has formed on the GBPJPY M5 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 210.09 is likely to confirm further downward movement.

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 210.93, the uptrend is likely to continue.

The Double Top reversal pattern has formed on the GBPJPY M5 chart. Its upper boundary is at 216.49, its lower boundary is at 216.39, and its width is 9 points. A short position may be considered below the lower boundary at 216.39, with a potential target at 216.24.

The Bearish Symmetrical Triangle pattern has formed on the GBPJPY M15 chart. Its lower boundary passes through 216.53/216.71, while its upper boundary passes through 216.84/216.71. The pattern width is 31 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If GBPJPY breaks below the lower boundary, the price could move toward 216.49.

The Bearish Symmetrical Triangle pattern has formed on the GBPJPY M5 chart. Its lower boundary passes through 216.53/216.71, while its upper boundary passes through 216.84/216.71. The pattern width is 31 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If GBPJPY breaks below the lower boundary, the price could move toward 216.56.

The Bullish Symmetrical Triangle pattern has formed on the GBPJPY M5 chart. This is a trend continuation pattern. Its upper and lower boundaries are at 217.23 and 216.84, respectively. The pattern width is 39 points. If the price breaks above the upper boundary at 217.23, it is likely to move toward 217.16.

The Bullish Rectangle has formed on the GBPJPY M30 chart. This pattern indicates a likely continuation of the trend. Its resistance is at 217.14 and its support is at 216.75. A breakout above the resistance zone at 217.14–217.14 is likely to signal a continuation of the bullish trend.

The Bullish Rectangle has formed on the GBPJPY H1 chart. This is a trend continuation pattern bounded by the lower boundary at 216.75–216.75 and the upper boundary at 217.14–217.14. A breakout above the upper boundary is likely to signal a continuation of the uptrend.