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Bearish Flag
was formed on 29.08 at 14:31:11 (UTC+0)
signal strength 3 of 5

Bearish Flag GBPJPY M30

The Bearish Flag pattern has been formed on GBPJPY at M30. The lower boundary of the pattern is located at 197.86/198.12 while the upper boundary lies at 198.12/198.38. The projection of the flagpole is 71 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 197.86 is broken, the price will move further downwards.

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Figure
Instrument
Timeframe
Trend
Signal Strength
 
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