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

According to the chart of H1, GBPJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 215.48/214.82 whereas the lower border goes across 213.91/214.82. The pattern width is measured on the chart at 157 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 214.82 is broken, the price could continue its move toward 215.22.

According to the chart of M30, GBPJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 213.90/214.82 whereas the upper border goes across 215.48/214.82. 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 215.12.

The Double Bottom pattern has been formed on GBPJPY M5. Characteristics: the support level 214.70; the resistance level 214.76; the width of the pattern 6 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 6 points.

According to the chart of M5, GBPJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 215.13/215.33 whereas the upper border goes across 215.48/215.33. 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 215.48.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart GBPJPY M15. Forecast: if the price breaks above the pattern high at 215.47, then traders will be able to place a long deal with the target at 215.70.

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 215.28/215.09 whereas the lower border goes across 214.91/215.09. The pattern width is measured on the chart at 37 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 215.09 is broken, the price could continue its move toward 215.24.

According to the chart of M15, GBPJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 214.92/215.08 whereas the upper border goes across 215.28/215.08. 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 215.30.

The Double Top reversal pattern has been formed on GBPJPY M15. Characteristics: the upper boundary 214.84; the lower boundary 214.54; the width of the pattern is 28 points. Sell trades are better to be opened below the lower boundary 214.54 with a possible movements towards the 214.32 level.

The Double Top reversal pattern has been formed on GBPJPY M15. Characteristics: the upper boundary 214.13; the lower boundary 213.55; the width of the pattern is 60 points. Sell trades are better to be opened below the lower boundary 213.55 with a possible movements towards the 213.32 level.

The Double Bottom pattern has been formed on GBPJPY M5. Characteristics: the support level 213.55; the resistance level 213.70; the width of the pattern 15 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 15 points.