was formed on 01.08 at 01:30:15 (UTC+0)
signal strength 2 of 5
signal strength 2 of 5
According to the chart of M15, GBPJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 198.75/199.07 whereas the upper border goes across 199.49/199.07. 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 199.29.
The M5 and M15 time frames may have more false entry points.
Figure
Instrument
Timeframe
Trend
Signal Strength
