FX.co ★ AUDJPY M15: Bearish Rectangle

According to the chart of M15, AUDJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 102.92 – 102.92 and upper border 103.18 – 103.18. In case the lower border is broken, the instrument is likely to follow the downward trend.