FX.co ★ GBPUSD M5: Bearish Rectangle

According to the chart of M5, GBPUSD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.2486 – 1.2486 and upper border 1.2493 – 1.2493. In case the lower border is broken, the instrument is likely to follow the downward trend.