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Actual patterns
Bullish Symmetrical Triangle
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.
Bullish Rectangle
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.
Bullish Rectangle
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.
Double Top
The Double Top pattern has formed on the GBPJPY H1 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 216.75 is likely to confirm further downward movement.
Double Top
The Double Top reversal pattern has formed on the GBPJPY H1 chart. Its upper boundary is at 217.08, its lower boundary is at 216.31, and its width is 81 points. A short position may be considered below the lower boundary at 216.31, with a potential target at 215.91.