Markets › GBP/JPY › Piercing line
Forex · candlestick pattern
Piercing line on GBP/JPY
On GBP/JPY the piercing line showed up 34 times. The target came first 38% of the time, the stop 56%, and 6% 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 | 6 | 83% | 17% | 0% |
| Hourly | 28 | 29% | 64% | 7% |
GBP/JPY against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| GBP/JPY | 34 | 38% | 56% | 6% |
| All Forex charts | 439 | 32% | 58% | 10% |
| Every market | 6,128 | 34% | 55% | 11% |
Year by year
| Year | Found | Target first | Stop first |
|---|---|---|---|
| 2024 | 4 | 75% | 25% |
| 2025 | 12 | 17% | 83% |
| 2026 | 13 | 31% | 54% |
The last 8 times
- 25 Sep 2026, 04:00 UTC · hourly · stop first after 1 candle
- 24 Sep 2026, 02:00 UTC · hourly · target first after 3 candles
- 2 Sep 2026, 07:00 UTC · hourly · stop first after 3 candles
- 27 Aug 2026, 01:00 UTC · hourly · stop first after 8 candles
- 17 Jul 2026, 11:00 UTC · hourly · target first after 5 candles
- 10 Jul 2026, 09:00 UTC · hourly · stop first after 6 candles
- 29 May 2026, 09:00 UTC · hourly · stop first after 1 candle
- 12 May 2026, 14:00 UTC · hourly · went nowhere
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 piercing line is
After a big red candle, green closes above its middle.
Imagine sliding down a slide, then climbing back up more than halfway before you stop. A piercing line is like that: after a big red candle, the next green candle climbs back past the middle of the red one. Buyers took back more than half of the drop.
The full piercing line 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 piercing line elsewhere
GBP/USD · EUR/JPY · EUR/USD · USD/CHF · USD/JPY · NZD/USD · EUR/GBP · AUD/USD · USD/CAD · S&P 500 · Ethereum · Bitcoin
Questions
How often does the piercing line work on GBP/JPY?
In 34 cases on GBP/JPY, the target (1.5 × ATR) came before the stop (1 × ATR) 38% of the time and the stop came first 56%; 6% went nowhere within 12 candles.
What is the piercing line?
After a big red candle, green closes above its middle.