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

According to the chart of M30, AUDJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 102.92 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -27 pips.

According to the chart of M30, AUDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 103.18 - 0.00 and support 102.92 – 102.92. In case the resistance level 102.92 - 102.92 is broken, the instrument is likely to follow the bearish trend.

According to the chart of M15, AUDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 102.92/103.05 and upper border is 103.19/103.05. The pattern width is measured on the chart at -27 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 102.82.

According to the chart of M15, AUDJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 102.92 – 102.92 and upper border 103.18 – 103.18. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Double Bottom pattern has been formed on AUDJPY M30; the upper boundary is 103.18; the lower boundary is 102.94. The width of the pattern is 26 points. In case of a break of the upper boundary 103.18, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Triple Bottom pattern has formed on the chart of the AUDJPY M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 103.03/103.02.

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 103.05 is broken, the downward movement will continue.

According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 103.54/103.60 whereas the upper border goes across 103.66/103.60. 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 103.75.

According to M5, AUDJPY is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 103.70/103.63 is broken out, the instrument is likely to move toward 103.78.

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 103.80 is broken, the downward movement will continue.