FX.co ★ Actual patterns. Technical analysis and trading recommendations

The Double Top reversal pattern has been formed on GBPJPY M15. Characteristics: the upper boundary 199.68; the lower boundary 199.50; the width of the pattern is 17 points. Sell trades are better to be opened below the lower boundary 199.50 with a possible movements towards the 199.27 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 199.45 is broken, the downward movement will continue.

On the chart of GBPJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 199.42; the lower boundary 199.18; the width of the pattern 24 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 198.96 level.

The Triple Bottom pattern has formed on the chart of the GBPJPY M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 199.01/198.92.

The Triple Bottom pattern has formed on the chart of GBPJPY M5. Features of the pattern: The lower line of the pattern has coordinates 199.12 with the upper limit 199.12/199.01, the projection of the width is 27 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 198.85, the price is most likely to continue the upward movement.