FX.co ★ NZDJPY M5: Bearish Symmetrical Triangle

The Bearish Symmetrical Triangle pattern has formed on the NZDJPY M5 chart. Its lower boundary passes through 94.04/94.10, while its upper boundary passes through 94.14/94.10. The pattern width is 10 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If NZDJPY breaks below the lower boundary, the price could move toward 93.95.