FX.co ★ NZDJPY M5: Bearish Rectangle

According to the chart of M5, NZDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 89.76 - 0.00 and support 89.65 – 89.65. In case the resistance level 89.65 - 89.65 is broken, the instrument is likely to follow the bearish trend.