GBPJPY M5 Bearish Rectangle

According to the chart of M5, GBPJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 206.43 - 0.00 and support 206.19 – 206.19. In case the resistance level 206.19 - 206.19 is broken, the instrument is likely to follow the bearish trend.