FX.co ★ AUDJPY M15: Bearish Symmetrical Triangle

According to the chart of M15, AUDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 100.25/100.54 and upper border is 100.84/100.54. The pattern width is measured on the chart at -59 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and AUDJPY breaches the lower border, the price could continue its move toward 100.32.