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The Double Top reversal pattern has been formed on GBPJPY M15. Characteristics: the upper boundary 216.25; the lower boundary 215.86; the width of the pattern is 38 points. Sell trades are better to be opened below the lower boundary 215.86 with a possible movements towards the 215.63 level.

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 215.75 is broken, the downward movement will continue.

According to the chart of M30, GBPJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 215.44/215.62 whereas the upper border goes across 215.75/215.62. 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 215.92.

The Triple Top pattern has formed on the chart of the GBPJPY M30 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 3, support level -10, and pattern’s width 31. Forecast If the price breaks through the support level 215.44, it is likely to move further down to 215.41.

The Triple Top pattern has formed on the chart of the GBPJPY M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 215.44/215.51 with the upper limit 215.75/215.71; the projection of the width is 31 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 215.44, the price is most likely to continue the downward movement.