FX.co - Actual patterns. Instrument: GBPJPY: 22

There is nothing more precious to a trader than an ability to predict a further price movement. Technical analysis is a key to your successful transaction. At the same time, you can rely on common and recurring situations that arise in the same circumstances. Our Technical Analysis Patterns section features all trading recommendations based on the technical analysis patterns that help traders make projections and turn a profit.

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Figure:

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Triangle

Rectangle

Pennant

Flag

Head and Shoulders

Double Top

Triple top

Timeframe:

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M5

M15

M30

H1

D1

Signal strength:

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High

Medium

Low

Signal direction:

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Buy

Sell

GBPJPY

GBPJPY H1

On the chart of GBPJPY H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 191.48; the lower boundary 190.66; the width of the pattern 82 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 190.26 level.

2024-12-05T01:00:17

GBPJPY M30

The Double Top reversal pattern has been formed on GBPJPY M30. Characteristics: the upper boundary 191.49; the lower boundary 190.66; the width of the pattern is 82 points. Sell trades are better to be opened below the lower boundary 190.66 with a possible movements towards the 190.36 level.

2024-12-05T00:30:34

GBPJPY M15

The Double Top pattern has been formed on GBPJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 190.66 is broken, the downward movement will continue.

2024-12-05T00:15:32

GBPJPY M5

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 190.92 is broken. The further movements will rely on the width of the current pattern 21 points.

2024-12-04T17:30:14

GBPJPY M5

The Double Top reversal pattern has been formed on GBPJPY M5. Characteristics: the upper boundary 191.49; the lower boundary 191.27; the width of the pattern is 21 points. Sell trades are better to be opened below the lower boundary 191.27 with a possible movements towards the 191.12 level.

2024-12-04T13:29:59

GBPJPY M30

Inverse Head and Shoulder

According to M30, GBPJPY is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 190.35/189.98 is broken out, the instrument is likely to move toward 190.28.

2024-12-04T04:29:59

GBPJPY M5

On the chart of the GBPJPY M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 188.78, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 50 points.

2024-12-03T18:10:29

GBPJPY M15

The Double Top reversal pattern has been formed on GBPJPY M15. Characteristics: the upper boundary 189.90; the lower boundary 189.67; the width of the pattern is 23 points. Sell trades are better to be opened below the lower boundary 189.67 with a possible movements towards the 189.45 level.

2024-12-03T07:00:25

GBPJPY M5

On the chart of GBPJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 189.90; the lower boundary 189.67; the width of the pattern 23 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 189.52 level.

2024-12-03T06:45:33

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 189.90, the lower border is 189.67. The signal means that a long position should be opened above the upper border 189.90 of the Bullish Rectangle.

2024-12-03T06:16:04