FX.co ★ #PEP M5: Bearish pennant

The Bearish pennant pattern has formed on the #PEP M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 138.50; the projection of the flagpole height is equal to 146 pips. In case the price breaks out the pattern’s bottom of 138.50, the downtrend is expected to continue for further level 138.35.