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Bearish Rectangle
was formed on 22.04 at 12:07:00 (UTC+0)
signal strength 2 of 5

Bearish Rectangle GBPJPY M15

According to the chart of M15, GBPJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 187.56 – 187.56 and upper border 188.16 – 188.16. In case the lower border is broken, the instrument is likely to follow the downward trend.

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

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