FX.co ★ AUDJPY M5: Bearish Rectangle

According to the chart of M5, AUDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 90.17 - 0.00 and support 90.06 – 90.06. In case the resistance level 90.06 - 90.06 is broken, the instrument is likely to follow the bearish trend.