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FX.co ★ GBPJPY M15: Bullish Rectangle

GBPJPY M15: Bullish Rectangle

Bullish RectangleThe Bullish Rectangle has formed on the GBPJPY M15 chart. This pattern indicates a likely continuation of the trend. Its resistance is at 208.84 and its support is at 208.46. A breakout above the resistance zone at 208.84–208.84 is likely to signal a continuation of the bullish trend.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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