FX.co ★ NZDJPY H1: Bearish Rectangle
Signal strength 4 of 5
NZDJPY H1: Bearish Rectangle
According to the chart of H1, NZDJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 77.01 – 77.01 and upper border 77.75 – 77.75. In case the lower border is broken, the instrument is likely to follow the downward trend.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade