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Forex · candlestick pattern

Spinning top on GBP/JPY

On GBP/JPY the spinning top showed up 481 times. Within 12 candles price broke up 48% of the time, broke down 49% and stayed inside 3%.

Counted on GBP/JPY: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily7348%45%7%
Hourly40848%50%2%

GBP/JPY against the rest

ChartsFoundBroke upBroke downStayed inside
GBP/JPY48148%49%3%
All Forex charts5,26948%48%3%
Every market88,07749%49%3%

Year by year

YearFoundBroke upBroke down
201630%100%
2017757%43%
2018475%25%
20191020%50%
20201060%20%
2021771%29%
20221346%54%
20231050%50%
20244443%57%
202520948%49%
202616449%49%

The last 8 times

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 spinning top is

Small body, wicks on both sides. Nobody is in charge.

A spinning top toy whirls fast but stays in one spot. This candle is the same: price ran up and down a lot, but it ended close to where it began. Buyers and sellers were both busy, and neither took charge.

The full spinning top lesson, video and quiz ›

Other patterns on GBP/JPY

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Doji · MACD bearish cross · MACD bullish cross · EMA 9/21 bullish cross · EMA 9/21 bearish cross · RSI overbought drop · RSI oversold bounce · all of them

The spinning top elsewhere

GBP/USD · EUR/JPY · EUR/USD · USD/CHF · USD/JPY · NZD/USD · EUR/GBP · AUD/USD · USD/CAD · GBP/INR · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · Gold · Silver

Questions

How often does the spinning top work on GBP/JPY?

In 481 cases on GBP/JPY, price broke up 48% of the time, broke down 49% and stayed inside 3% within 12 candles.

What is the spinning top?

Small body, wicks on both sides. Nobody is in charge.