FX.co ★ USDJPY M5: Bearish Rectangle

According to the chart of M5, USDJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 162.02 – 162.02 and upper border 162.19 – 162.19. In case the lower border is broken, the instrument is likely to follow the downward trend.