was formed on 29.04 at 17:05:05 (UTC+0)
signal strength 1 of 5
signal strength 1 of 5
According to the chart of M5, USDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 142.40 - 0.00 and support 142.03 – 142.03. In case the resistance level 142.03 - 142.03 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
