FX.co ★ GBPJPY H1: Bearish Rectangle

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 190.12 – 190.12 and upper border 191.26 – 191.26. In case the lower border is broken, the instrument is likely to follow the downward trend.