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Bearish Rectangle
was formed on 22.07 at 09:06:42 (UTC+0)
signal strength 3 of 5
was formed on 22.07 at 09:06:42 (UTC+0)
signal strength 3 of 5
According to the chart of M30, USDJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 106.69 – 106.69 and upper border 106.90 – 106.90. In case the lower border is broken, the instrument is likely to follow the downward trend.
Figure
Instrument
Timeframe
Trend
Signal Strength