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

The Double Top reversal pattern has formed on the GBPJPY M5 chart. Its upper boundary is at 209.54, its lower boundary is at 209.42, and its width is 12 points. A break below the lower boundary is likely to confirm further downward movement toward 209.27.

The Bullish Flag pattern has formed on the GBPJPY M15 chart, signaling a likely continuation of the uptrend. A break above the pattern high at 209.44 may send the price higher by a distance corresponding to the height of the flagpole.

The Bullish Pennant pattern has formed on the GBPJPY M15 chart. This is a trend continuation pattern. If the price breaks above the pattern high at 209.44, the uptrend is expected to continue toward 209.66.

The Bullish Symmetrical Triangle pattern has formed on the GBPJPY H1 chart. Its lower boundary passes through 207.79/208.81, while its upper boundary passes through 210.17/208.81. The Bullish Symmetrical Triangle is a continuation pattern and therefore supports a further rise. If confirmed, GBPJPY is expected to break the upper boundary and move toward 209.21.

The Bearish Symmetrical Triangle pattern has formed on the GBPJPY H1 chart. Its lower boundary passes through 206.85/208.64, while its upper boundary passes through 210.55/208.64. The pattern width is 370 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If GBPJPY breaks below the lower boundary, the price could move toward 208.24.