FX.co ★ Modèles réels. Analyse technique et recommandations de trading

According to the chart of M5, GBPJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 194.08/193.80 whereas the lower border goes across 193.52/193.80. The pattern width is measured on the chart at 56 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 193.80 is broken, the price could continue its move toward 193.95.

According to the chart of M5, GBPJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 194.08, the lower border is 193.58. The signal means that a long position should be opened above the upper border 194.08 of the Bullish Rectangle.

The Double Bottom pattern has been formed on GBPJPY M15. 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 193.36 is broken. The further movements will rely on the width of the current pattern 37 points.

The Double Top reversal pattern has been formed on GBPJPY M5. Characteristics: the upper boundary 194.44; the lower boundary 194.21; the width of the pattern is 24 points. Sell trades are better to be opened below the lower boundary 194.21 with a possible movements towards the 194.06 level.

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 196.29 is broken. The further movements will rely on the width of the current pattern 27 points.