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Patterns are graphical models which are formed in the chart by the price. According to one of the technical analysis postulates, history (price movement) repeats itself. It means that the price movements are often similar in the same situations which makes it possible to predict the further development of the situation with a high probability.
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Bullish Rectangle
was formed on 22.07 at 02:17:17 (UTC+0)
signal strength 3 of 5
was formed on 22.07 at 02:17:17 (UTC+0)
signal strength 3 of 5
The Bullish Rectangle has formed on the GBPJPY M30 chart. This is a trend continuation pattern bounded by the lower boundary at 135.76–135.76 and the upper boundary at 136.41–136.41. A breakout above the upper boundary is likely to signal a continuation of the uptrend.
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Instrument
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