Actual patterns

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Actual patterns

Bullish Flag

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was formed on 08.08 at 16:03:25 (UTC+0)
signal strength 4 of 5

The Bullish Flag pattern has been formed on GBPJPY at H1. The lower boundary of the pattern is located at 198.39/197.95, while the higher boundary lies at 198.89/198.45. The projection of the flagpole is 124 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 198.89 is broken, the price will move further upwards.

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Bullish Flag