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FX.co ★ #PEP D1: Bearish Rectangle

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Technical Analysis Patterns

2025-06-02T14:03:51
Signal strength 5 of 5

#PEP D1: Bearish Rectangle

Bearish RectangleAccording to the chart of D1, #PEP formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 132.70 - 0.00 and support 127.74 – 127.74. In case the resistance level 127.74 - 127.74 is broken, the instrument is likely to follow the bearish trend.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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Other patterns by #PEP