Forex · forex
GBP/JPY chart patterns
We ran 54 candlestick patterns, chart patterns and indicator signals over GBP/JPY (daily candles from January 2015 and hourly candles from October 2024) and counted 6,780 cases. Here is how often each one reached its target before its stop.
Best on GBP/JPY: double bottom (48% of 23), atr expansion up (47% of 30), golden cross (47% of 43). Weakest: resistance rejection (24% of 21), tweezer top (28% of 54), double top (29% of 35). Most patterns hit the stop more often than the target: that is why the app teaches context and risk, not single signals.
Buy and sell setups, ranked
| Pattern | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Double bottom | 23 | 48% | 48% | 4% |
| ATR expansion up | 30 | 47% | 47% | 7% |
| Golden cross | 43 | 47% | 42% | 12% |
| Shooting star | 39 | 46% | 49% | 5% |
| Dark cloud cover | 34 | 44% | 35% | 21% |
| Fibonacci bounce down | 81 | 43% | 49% | 7% |
| Bearish harami | 104 | 42% | 49% | 9% |
| Inverted hammer | 43 | 42% | 58% | 0% |
| Bullish harami | 82 | 41% | 52% | 6% |
| Bullish marubozu | 86 | 41% | 49% | 10% |
| EMA 9/21 bearish cross | 294 | 40% | 54% | 5% |
| Fibonacci bounce up | 84 | 40% | 54% | 6% |
| Piercing line | 34 | 38% | 56% | 6% |
| RSI oversold bounce | 155 | 38% | 49% | 13% |
| Hanging man | 53 | 38% | 57% | 6% |
| MACD bullish cross | 316 | 38% | 53% | 9% |
| Bearish marubozu | 84 | 37% | 61% | 2% |
| Stochastic bullish cross | 509 | 36% | 57% | 6% |
| MACD bearish cross | 374 | 36% | 57% | 7% |
| Tweezer bottom | 45 | 36% | 60% | 4% |
| Bollinger breakout up | 65 | 35% | 65% | 0% |
| Stochastic bearish cross | 735 | 35% | 57% | 7% |
| EMA 9/21 bullish cross | 297 | 35% | 56% | 9% |
| Bearish engulfing | 140 | 34% | 58% | 9% |
| Hammer | 70 | 33% | 61% | 6% |
| RSI overbought drop | 189 | 33% | 53% | 14% |
| Bollinger breakout down | 59 | 32% | 68% | 0% |
| Bullish engulfing | 108 | 31% | 56% | 13% |
| ATR expansion down | 40 | 30% | 70% | 0% |
| Death cross | 44 | 30% | 68% | 2% |
| Double top | 35 | 29% | 71% | 0% |
| Tweezer top | 54 | 28% | 57% | 15% |
| Resistance rejection | 21 | 24% | 57% | 19% |
Neutral patterns
| Pattern | Found | Broke up | Broke down | Stayed inside |
|---|---|---|---|---|
| Doji | 409 | 52% | 43% | 5% |
| Inside bar | 1,352 | 50% | 48% | 2% |
| Spinning top | 481 | 48% | 49% | 3% |
Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.
Learn to read GBP/JPY charts
- Forex: pairs, pips and sessionsA currency pair shows how much of the second currency buys one unit of the first, and a pip is a tiny standard step used to measure its moves.
- What one candle tells youEvery candle shows four prices: where it started, its highest, its lowest and where it finished.
- Bodies and wicks: the tug of warA big body means one side won; a long wick means a push that got pushed back.
- The hammerA hammer after a fall shows sellers pushed hard but buyers pushed the price back up.
- Rule one: stay in the gameLose half your money and you must double what is left just to get back to the start.
- The stop-loss: decide your exit firstA stop-loss is the price where your idea is wrong, and you choose it before you enter.
More Forex charts
GBP/USD · EUR/JPY · EUR/USD · USD/CHF · USD/JPY · NZD/USD · EUR/GBP · AUD/USD · USD/CAD · GBP/INR · EUR/INR · USD/INR
Questions
Which pattern worked best on GBP/JPY?
In our count the double bottom reached its target first most often on GBP/JPY: 48% of 23 cases. No pattern works every time; past odds are not a forecast.
Which candlestick pattern works best on GBP/JPY?
The shooting star: target first 46% of 39 times on GBP/JPY.
How were these numbers counted?
Every case enters at the signal candle's close with a target 1.5 × ATR(14) away and a stop 1 × ATR(14) away, and gets 12 candles to reach one of them. Only clean stretches of real sessions are used.