was formed on 12.05 at 16:02:19 (UTC+0)
signal strength 1 of 5
signal strength 1 of 5
The Bullish Flag pattern has been formed on GBPJPY at M5. The lower boundary of the pattern is located at 195.45/195.27, while the higher boundary lies at 195.63/195.45. The projection of the flagpole is 49 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 195.63 is broken, the price will move further upwards.
The M5 and M15 time frames may have more false entry points.
Figure
Instrument
Timeframe
Trend
Signal Strength
