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Bearish Rectangle
was formed on 09.06 at 05:50:35 (UTC+0)
signal strength 1 of 5

Bearish Rectangle USDJPY M5

According to the chart of M5, USDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 144.52 - 0.00 and support 144.36 – 144.36. In case the resistance level 144.36 - 144.36 is broken, the instrument is likely to follow the bearish trend.

The M5 and M15 time frames may have more false entry points.

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