FX.co ★ Patterns AUDJPY | Australian Dollar (AUD) to Japanese Yen (JPY) Rate in the Forex market

According to the chart of M5, AUDJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 109.17 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -77 pips.

The Double Top reversal pattern has been formed on AUDJPY M15. Characteristics: the upper boundary 110.12; the lower boundary 109.81; the width of the pattern is 32 points. Sell trades are better to be opened below the lower boundary 109.81 with a possible movements towards the 109.58 level.

On the chart of AUDJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 110.13; the lower boundary 109.81; the width of the pattern 32 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 109.51 level.

The Double Top pattern has been formed on AUDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 109.23 is broken, the downward movement will continue.

According to the chart of M15, AUDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 108.31/108.12 whereas the lower border goes across 107.85/108.12. The pattern width is measured on the chart at 46 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 108.12 is broken, the price could continue its move toward 108.35.

The Triple Top pattern has formed on the chart of the AUDJPY M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -8, support level -9, and pattern’s width 32. Forecast If the price breaks through the support level 107.43, it is likely to move further down to 107.66.

The Double Bottom pattern has been formed on AUDJPY M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 108.52 is broken. The further movements will rely on the width of the current pattern 75 points.

According to the chart of M15, AUDJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 108.11 and support 107.77. In case the resistance level 108.11 - 108.11 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M5, AUDJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 108.11, the lower border is 107.77. The signal means that a long position should be opened above the upper border 108.11 of the Bullish Rectangle.

On the chart of AUDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 108.09; the lower boundary 107.81; the width of the pattern 28 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 107.58 level.