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The Triple Bottom pattern has formed on the chart of GBPJPY M5. Features of the pattern: The lower line of the pattern has coordinates 195.66 with the upper limit 195.66/195.59, the projection of the width is 22 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 195.44, the price is most likely to continue the upward movement.

On the chart of GBPJPY H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 196.12; the lower boundary 195.71; the width of the pattern 41 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 195.31 level.

The Triple Top pattern has formed on the chart of the GBPJPY M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -2, support level -5, and pattern’s width 24. Forecast If the price breaks through the support level 195.89, it is likely to move further down to 195.97.

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 195.89 is broken, the downward movement will continue.

According to the chart of H1, GBPJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 194.63/194.98 whereas the upper border goes across 195.45/194.98. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of GBPJPY will breach the upper border to head for 195.38.