FX.co ★ #PEP D1: Bearish Flag

The Bearish Flag pattern has formed on the #PEP D1 chart. Its lower boundary passes through 127.96/131.18, while its upper boundary passes through 131.20/134.42. The projected flagpole height is 1079 points. The formation indicates that the downtrend is likely to continue. A break below 127.96 would confirm further downward movement.