FX.co ★ EURJPY M15: Bearish Rectangle

According to the chart of M15, EURJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 163.08 – 163.08 and upper border 163.37 – 163.37. In case the lower border is broken, the instrument is likely to follow the downward trend.