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Bearish Rectangle
was formed on 28.08 at 22:30:11 (UTC+0)
signal strength 1 of 5

Bearish Rectangle GBPJPY M5

According to the chart of M5, GBPJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 198.36 – 198.36 and upper border 198.53 – 198.53. 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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