FX.co ★ 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 76.63 – 76.63 and upper border 77.22 – 77.22. In case the lower border is broken, the instrument is likely to follow the downward trend.