FX.co ★ GBPJPY M15: Bearish Rectangle

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 189.96 – 189.96 and upper border 190.75 – 190.75. In case the lower border is broken, the instrument is likely to follow the downward trend.