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The technical pattern called Head and Shoulders has appeared on the chart of GBPJPY M5. There are weighty reasons to suggest that the price will surpass the Neckline 214.47/214.51 after the right shoulder has been formed. So, the trend is set to change with the price heading for 214.36.

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.