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FX.co ★ GBPJPY H1: Bearish Rectangle

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Technical Analysis Patterns

2024-12-02T10:40:21
Signal strength 4 of 5

GBPJPY H1: Bearish Rectangle

Bearish RectangleAccording to the chart of H1, GBPJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 191.26, the lower border is 190.12. The signal means that a short position should be opened after fixing a price below the lower border 190.12 of the Bearish Rectangle.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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Other patterns by GBPJPY