FX.co ★ AUDJPY M30: Bearish Rectangle

According to the chart of M30, AUDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 103.18 - 0.00 and support 102.92 – 102.92. In case the resistance level 102.92 - 102.92 is broken, the instrument is likely to follow the bearish trend.