FX.co ★ GBPJPY M5: Bullish Rectangle

According to the chart of M5, GBPJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 197.35 – 197.35 and upper border 197.51 – 197.51. In case the upper border is broken, the instrument is likely to follow the upward trend.