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FX.co ★ NZDJPY H1: Bearish Rectangle

NZDJPY H1: Bearish Rectangle

Bearish RectangleAccording 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
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