FX.co ★ AUDJPY H1: Bearish Rectangle

According to the chart of H1, AUDJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 97.30 – 97.30 and upper border 97.97 – 97.97. In case the lower border is broken, the instrument is likely to follow the downward trend.