FX.co ★ AUDJPY M15: Bearish Rectangle

According to the chart of M15, AUDJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 107.80 – 107.80 and upper border 108.21 – 108.21. In case the lower border is broken, the instrument is likely to follow the downward trend.