FX.co ★ GBPAUD M30: Bearish Rectangle

According to the chart of M30, GBPAUD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.8986 - 0.0000 and support 1.8937 – 1.8937. In case the resistance level 1.8937 - 1.8937 is broken, the instrument is likely to follow the bearish trend.