was formed on 30.07 at 02:34:34 (UTC+0)
signal strength 4 of 5
signal strength 4 of 5

According to the chart of H1, GBPJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 198.43 - 0.00 and support 197.70 – 197.70. In case the resistance level 197.70 - 197.70 is broken, the instrument is likely to follow the bearish trend.
Figure
Instrument
Timeframe
Trend
Signal Strength