was formed on 03.04 at 21:49:49 (UTC+0)
signal strength 2 of 5
signal strength 2 of 5
According to the chart of M15, GBPJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 191.94 - 0.00 and support 191.12 – 191.12. In case the resistance level 191.12 - 191.12 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
