FX.co ★ NZDJPY H1: Bearish Symmetrical Triangle

According to the chart of H1, NZDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 84.61/84.93 and upper border is 85.30/84.93. The pattern width is measured on the chart at -69 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and NZDJPY breaches the lower border, the price could continue its move toward 84.53.