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

According to the chart of H1, GBPJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 215.87, the lower border is 215.09. The signal means that a long position should be opened above the upper border 215.87 of the Bullish Rectangle.

The Double Top reversal pattern has been formed on GBPJPY M30. Characteristics: the upper boundary 215.75; the lower boundary 215.31; the width of the pattern is 45 points. Sell trades are better to be opened below the lower boundary 215.31 with a possible movements towards the 215.01 level.

The Double Top reversal pattern has been formed on GBPJPY H1. Characteristics: the upper boundary 215.75; the lower boundary 215.31; the width of the pattern is 45 points. Sell trades are better to be opened below the lower boundary 215.31 with a possible movements towards the 214.91 level.

The Triple Bottom pattern has been formed on GBPJPY M5. It has the following characteristics: resistance level 215.68/215.53; support level 215.43/215.42; the width is 25 points. In the event of a breakdown of the resistance level of 215.68, the price is likely to continue an upward movement at least to 215.56.

The Bearish pennant pattern has formed on the GBPJPY M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 213.59; the projection of the flagpole height is equal to 94 pips. In case the price breaks out the pattern’s bottom of 213.59, the downtrend is expected to continue for further level 213.44.