Bearish Rectangle
was formed on 22.05 at 04:18:29 (UTC+0)
signal strength 1 of 5

According to the chart of M5, EURJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 162.54 - 0.00 and support 162.35 – 162.35. In case the resistance level 162.35 - 162.35 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