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 92.52 – 92.52 and upper border 92.76 – 92.76. In case the lower border is broken, the instrument is likely to follow the downward trend.