Markets › GBP/JPY › Double bottom
Forex · chart pattern
Double bottom on GBP/JPY
On GBP/JPY the double bottom showed up 23 times. The target came first 48% of the time, the stop 48%, and 4% went nowhere within 12 candles.
Counted on GBP/JPY: daily candles from January 2015 and hourly candles from October 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Hourly | 23 | 48% | 48% | 4% |
GBP/JPY against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| GBP/JPY | 23 | 48% | 48% | 4% |
| All Forex charts | 303 | 38% | 55% | 6% |
| Every market | 4,672 | 37% | 57% | 6% |
Year by year
| Year | Found | Target first | Stop first |
|---|---|---|---|
| 2024 | 4 | 0% | 100% |
| 2025 | 6 | 83% | 17% |
| 2026 | 13 | 46% | 46% |
The last 8 times
- 12 Aug 2026, 02:00 UTC · hourly · stop first after 7 candles
- 12 Aug 2026, 00:00 UTC · hourly · stop first after 9 candles
- 27 Jul 2026, 05:00 UTC · hourly · stop first after 1 candle
- 26 Jul 2026, 23:00 UTC · hourly · stop first after 8 candles
- 8 Jul 2026, 13:00 UTC · hourly · target first after 4 candles
- 22 Jun 2026, 02:00 UTC · hourly · stop first after 5 candles
- 2 Jun 2026, 03:00 UTC · hourly · target first after 3 candles
- 1 Jun 2026, 23:00 UTC · hourly · target first after 7 candles
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.
What the double bottom is
Two lows at the same level, then a break above the peak between them.
Jump on a trampoline and you sink to the same low spot twice, but the second push sends you higher than before. A double bottom looks like the letter W: two lows at the same level with a hill between them. When price climbs above that hill, the W is complete.
The full double bottom lesson, video and quiz ›
Other patterns on GBP/JPY
Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · MACD bearish cross · MACD bullish cross · EMA 9/21 bullish cross · EMA 9/21 bearish cross · RSI overbought drop · all of them
The double bottom elsewhere
EUR/JPY · USD/CHF · USD/JPY · NZD/USD · EUR/GBP · AUD/USD · USD/CAD · Ethereum · Bitcoin
Questions
How often does the double bottom work on GBP/JPY?
In 23 cases on GBP/JPY, the target (1.5 × ATR) came before the stop (1 × ATR) 48% of the time and the stop came first 48%; 4% went nowhere within 12 candles.
What is the double bottom?
Two lows at the same level, then a break above the peak between them.