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Bearish Rectangle
was formed on 14.08 at 04:45:04 (UTC+0)
signal strength 1 of 5

Bearish Rectangle GBPJPY M5

According to the chart of M5, GBPJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 199.19 - 0.00 and support 198.88 – 198.88. In case the resistance level 198.88 - 198.88 is broken, the instrument is likely to follow the bearish trend.

The M5 and M15 time frames may have more false entry points.

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