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FX.co ★ AUDJPY M15: Bullish Rectangle

AUDJPY M15: Bullish Rectangle

Bullish RectangleThe Bullish Rectangle has formed on the AUDJPY M15 chart. This is a trend continuation pattern bounded by the lower boundary at 109.52–109.52 and the upper boundary at 109.83–109.83. A breakout above the upper boundary is likely to signal a continuation of the uptrend.
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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