FX.co ★ USDJPY M5: Bearish Rectangle

According to the chart of M5, USDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 151.26 - 0.00 and support 151.04 – 151.04. In case the resistance level 151.04 - 151.04 is broken, the instrument is likely to follow the bearish trend.