FX.co ★ GBPJPY M5: Bearish Rectangle

According to the chart of M5, GBPJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 201.85 - 0.00 and support 201.64 – 201.64. In case the resistance level 201.64 - 201.64 is broken, the instrument is likely to follow the bearish trend.