FX.co ★ GBPJPY M30: Bearish Rectangle

According to the chart of M30, GBPJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 187.56 – 187.56 and upper border 188.16 – 188.16. In case the lower border is broken, the instrument is likely to follow the downward trend.