
According to the chart of M15, GBPJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 189.18, the lower border is 188.54. The signal means that a short position should be opened after fixing a price below the lower border 188.54 of the Bearish Rectangle.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade