FX.co ★ #PEP M5: Bearish Rectangle

According to the chart of M5, #PEP formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 163.58 – 163.58 and upper border 165.26 – 165.26. In case the lower border is broken, the instrument is likely to follow the downward trend.