FX.co ★ AUDJPY M15: Bearish Rectangle

According to the chart of M15, AUDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 93.33 - 0.00 and support 93.14 – 93.14. In case the resistance level 93.14 - 93.14 is broken, the instrument is likely to follow the bearish trend.