FX.co ★ GBPJPY M15: Bullish Rectangle

According to the chart of M15, GBPJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 208.80 and support 208.46. In case the resistance level 208.80 - 208.80 is broken, the instrument is likely to follow the bullish trend.