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FX.co ★ EURJPY M5: Bullish Rectangle

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Technical Analysis Patterns

2024-12-19T11:05:24
Signal strength 1 of 5

EURJPY M5: Bullish Rectangle

Bullish RectangleAccording to the chart of M5, EURJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 163.21 – 163.21 and upper border 163.64 – 163.64. In case the upper border is broken, the instrument is likely to follow the upward trend.
The M5 and M15 time frames may have more false entry points.
*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 EURJPY