FX.co ★ GBPJPY M5: Bullish Rectangle

According to the chart of M5, GBPJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 195.94 and support 195.56. In case the resistance level 195.94 - 195.94 is broken, the instrument is likely to follow the bullish trend.