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FX.co ★ AUDJPY M5: Bearish Rectangle

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Technical Analysis Patterns

2026-05-19T12:01:01
Signal strength 1 of 5

AUDJPY M5: Bearish Rectangle

Bearish RectangleAccording 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 113.24 - 0.00 and support 113.08 – 113.08. In case the resistance level 113.08 - 113.08 is broken, the instrument is likely to follow the bearish trend.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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