was formed on 05.12 at 09:26:03 (UTC+0)
signal strength 1 of 5
signal strength 1 of 5
According to the chart of M5, GBPJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 206.43 - 0.00 and support 206.19 – 206.19. In case the resistance level 206.19 - 206.19 is broken, the instrument is likely to follow the bearish trend.
The M5 and M15 time frames may have more false entry points.
Figure
Instrument
Timeframe
Trend
Signal Strength
