FX.co ★ NZDJPY M15: Bearish Symmetrical Triangle

According to the chart of M15, NZDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 75.69/75.87 and upper border is 76.12/75.87. The pattern width is measured on the chart at -43 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and NZDJPY breaches the lower border, the price could continue its move toward 75.64.