FX.co ★ GBPJPY M5: Bearish Rectangle

According to the chart of M5, GBPJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 208.93 – 208.93 and upper border 209.24 – 209.24. In case the lower border is broken, the instrument is likely to follow the downward trend.