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FX.co ★ GBPJPY M15: Bearish Rectangle

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Technical Analysis Patterns

2025-04-03T19:49:49
Signal strength 2 of 5

GBPJPY M15: Bearish Rectangle

Bearish RectangleAccording to the chart of M15, GBPJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 191.94 - 0.00 and support 191.12 – 191.12. In case the resistance level 191.12 - 191.12 is broken, the instrument is likely to follow the bearish 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
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