FX.co ★ #PEP D1: Bearish Rectangle

According to the chart of D1, #PEP formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 127.74 – 127.74 and upper border 132.70 – 132.70. In case the lower border is broken, the instrument is likely to follow the downward trend.