FX.co ★ USDJPY M5: Bearish Rectangle

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 150.88 - 0.00 and support 150.72 – 150.72. In case the resistance level 150.72 - 150.72 is broken, the instrument is likely to follow the bearish trend.