FX.co ★ EURJPY M5: Bearish Rectangle

According to the chart of M5, EURJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 159.33 – 159.33 and upper border 159.52 – 159.52. In case the lower border is broken, the instrument is likely to follow the downward trend.