FX.co ★ GBPCHF M5: Bearish Rectangle

According to the chart of M5, GBPCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.1120 – 1.1120 and upper border 1.1131 – 1.1131. In case the lower border is broken, the instrument is likely to follow the downward trend.