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

The Double Top pattern has been formed on AUDJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 103.78 is broken, the downward movement will continue.

On the chart of the AUDJPY M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 103.51, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 11 points.

According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 103.50/103.57 whereas the upper border goes across 103.62/103.57. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of AUDJPY will breach the upper border to head for 103.72.

According to the chart of M5, AUDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 103.51 – 103.51 and upper border 103.62 – 103.62. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Top pattern has been formed on AUDJPY M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 102.85 is broken, the downward movement will continue.

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 103.13 and support 102.87. In case the resistance level 103.13 - 103.13 is broken, the instrument is likely to follow the bullish trend.

On the chart of AUDJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 103.12; the lower boundary 102.89; the width of the pattern 23 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 102.59 level.

The Double Top pattern has been formed on AUDJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 102.89 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on AUDJPY M5. Characteristics: the upper boundary 103.12; the lower boundary 103.03; the width of the pattern is 10 points. Sell trades are better to be opened below the lower boundary 103.03 with a possible movements towards the 102.88 level.

The Bullish Flag pattern has been formed on the chart AUDJPY M5 which signals that the upward trend will continue. Signals: а break of the peak at 103.04 may push the price higher, and the rise will be the projection of the pole.