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FX.co ★ EURJPY M15: Bearish Rectangle

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Technical Analysis Patterns

2026-05-19T12:01:41
Signal strength 2 of 5

EURJPY M15: Bearish Rectangle

Bearish RectangleAccording to the chart of M15, EURJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 184.93 - 0.00 and support 184.78 – 184.78. In case the resistance level 184.78 - 184.78 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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Other patterns by EURJPY