FX.co ★ NZDJPY M5: Bearish Pennant

The Bearish Pennant pattern has formed on the NZDJPY M5 chart and signals a potential continuation of the existing trend. The pattern low is at 88.40, and the projected flagpole height is 31 points. If the price breaks below the pattern low at 88.40, the downtrend is expected to continue toward 88.25.