FX.co ★ GBPJPY M5: Bearish Rectangle

According to the chart of M5, GBPJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 212.79 – 212.79 and upper border 213.00 – 213.00. In case the lower border is broken, the instrument is likely to follow the downward trend.