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FX.co ★ USDJPY H1: Bearish Rectangle

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Technical Analysis Patterns

15 April at 4:49AM (UTC+0)
Signal strength 4 of 5

USDJPY H1: Bearish Rectangle

Bearish RectangleAccording to the chart of H1, USDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 144.21, the lower border is 142.08. The signal means that a short position should be opened after fixing a price below the lower border 142.08 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 USDJPY