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FX.co ★ USDJPY M5: Bullish Rectangle

USDJPY M5: Bullish Rectangle

Bullish RectangleThe Bullish Rectangle has formed on the USDJPY M5 chart and indicates a likely continuation of the trend. Its upper boundary is at 159.06 and its lower boundary is at 158.97. A long position may be considered after the price breaks above the upper boundary at 159.06 of the Bullish Rectangle.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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