FX.co ★ NZDJPY M5: Bearish Symmetrical Triangle

The Bearish Symmetrical Triangle pattern has formed on the NZDJPY M5 chart. Its lower boundary passes through 88.65/88.83, while its upper boundary passes through 88.98/88.83. The pattern width is 33 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If NZDJPY breaks below the lower boundary, the price could move toward 88.68.