FX.co ★ GBPJPY M15: Bullish Rectangle

According to the chart of M15, GBPJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 196.44 – 196.44 and upper border 196.76 – 196.76. In case the upper border is broken, the instrument is likely to follow the upward trend.