FX.co ★ USDJPY M5: Bearish Rectangle

USDJPY M5: Bearish Rectangle

Bearish RectangleAccording to the chart of M5, USDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 104.34, the lower border is 104.29. The signal means that a short position should be opened after fixing a price below the lower border 104.29 of the Bearish Rectangle.
The M5 and M15 time frames may have more false entry points.
Go to the patterns list Go to graph