FX.co ★ GBPCHF M15: Bearish Rectangle

According to the chart of M15, GBPCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.1735 - 0.0000 and support 1.1719 – 1.1719. In case the resistance level 1.1719 - 1.1719 is broken, the instrument is likely to follow the bearish trend.