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

The Double Top reversal pattern has been formed on GBPJPY M15. Characteristics: the upper boundary 209.42; the lower boundary 209.12; the width of the pattern is 32 points. Sell trades are better to be opened below the lower boundary 209.12 with a possible movements towards the 208.90 level.

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 208.92 is broken, the downward movement will continue.

The Bullish pennant graphic pattern has formed on the GBPJPY M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 209.30.

According to the chart of M15, GBPJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 208.80 and support 208.46. In case the resistance level 208.80 - 208.80 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M5, GBPJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 208.80 and support 208.46. In case the resistance level 208.80 - 208.80 is broken, the instrument is likely to follow the bullish trend.