FX.co ★ NZDJPY M5: Bearish Rectangle

According to the chart of M5, NZDJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 86.28 – 86.28 and upper border 86.47 – 86.47. In case the lower border is broken, the instrument is likely to follow the downward trend.