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InstaForex Loprais Team - Official participant of the Dakar rally
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Bearish Rectangle

Bearish Rectangle

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was formed on 10.06 at 09:42:43 (UTC+0)
signal strength 1 of 5
Bearish Rectangle NZDJPY M5

According to the chart of M5, NZDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 87.36 - 0.00 and support 87.17 – 87.17. In case the resistance level 87.17 - 87.17 is broken, the instrument is likely to follow the bearish trend.

The M5 and M15 time frames may have more false entry points.

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