FX.co ★ AUDJPY M5: Bearish Rectangle

According to the chart of M5, AUDJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 100.93 – 100.93 and upper border 101.09 – 101.09. In case the lower border is broken, the instrument is likely to follow the downward trend.