Bearish Rectangle
was formed on 05.08 at 07:16:42 (UTC+0)
signal strength 4 of 5
According to the chart of H1, GBPJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 195.00 – 195.00 and upper border 195.52 – 195.52. In case the lower border is broken, the instrument is likely to follow the downward trend.
Figure
Instrument
Timeframe
Trend
Signal Strength