FX.co ★ USDJPY M5: Bullish Rectangle

USDJPY M5: Bullish Rectangle

Bullish RectangleAccording to the chart of M5, USDJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 104.60 and support 104.52. In case the resistance level 104.60 - 104.60 is broken, the instrument is likely to follow the bullish trend.
The M5 and M15 time frames may have more false entry points.
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