FX.co ★ NZDJPY M5: Bearish Symmetrical Triangle

According to the chart of M5, NZDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 90.42/90.60 and upper border is 90.85/90.60. The pattern width is measured on the chart at -43 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and NZDJPY breaches the lower border, the price could continue its move toward 90.45.