Markets › GBP/JPY › Double top
Forex · chart pattern
Double top on GBP/JPY
On GBP/JPY the double top showed up 35 times. The target came first 29% of the time, the stop 71%, and 0% 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 |
|---|---|---|---|---|
| Daily | 2 | 50% | 50% | 0% |
| Hourly | 33 | 27% | 73% | 0% |
GBP/JPY against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| GBP/JPY | 35 | 29% | 71% | 0% |
| All Forex charts | 330 | 29% | 66% | 5% |
| Every market | 4,641 | 38% | 55% | 7% |
Year by year
| Year | Found | Target first | Stop first |
|---|---|---|---|
| 2024 | 5 | 40% | 60% |
| 2025 | 16 | 25% | 75% |
| 2026 | 12 | 25% | 75% |
The last 8 times
- 23 Sep 2026, 11:00 UTC · hourly · stop first after 3 candles
- 23 Sep 2026, 09:00 UTC · hourly · stop first after 2 candles
- 11 Sep 2026, 12:00 UTC · hourly · stop first after 5 candles
- 27 May 2026, 01:00 UTC · hourly · stop first after 4 candles
- 20 May 2026, 08:00 UTC · hourly · stop first after 2 candles
- 20 May 2026, 06:00 UTC · hourly · stop first after 4 candles
- 20 May 2026, 02:00 UTC · hourly · stop first after 9 candles
- 17 Apr 2026, 13:00 UTC · hourly · target first after 1 candle
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 top is
Two peaks at the same height, then a break below the dip between them.
Imagine climbing a wall, slipping back, then reaching the same spot again before sliding down even further. A double top looks like the letter M: two peaks at the same height with a dip between them. When price falls below that dip, the M is complete.
The full double top 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 top elsewhere
GBP/USD · EUR/JPY · EUR/USD · USD/CHF · USD/JPY · NZD/USD · EUR/GBP · AUD/USD · Ethereum · Bitcoin
Questions
How often does the double top work on GBP/JPY?
In 35 cases on GBP/JPY, the target (1.5 × ATR) came before the stop (1 × ATR) 29% of the time and the stop came first 71%; 0% went nowhere within 12 candles.
What is the double top?
Two peaks at the same height, then a break below the dip between them.