FX.co ★ USDJPY M5: Bullish Rectangle

USDJPY M5: Bullish Rectangle

Bullish RectangleAccording to the chart of M5, USDJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 135.00 and support 134.92. In case the resistance level 135.00 - 135.00 is broken, the instrument is likely to follow the bullish trend.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the patterns list Go to graph