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 Rectangle. The pattern indicates a trend continuation. The upper border is 108.21, the lower border is 107.80. The signal means that a short position should be opened after fixing a price below the lower border 107.80 of the Bearish Rectangle.

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 107.80 – 107.80 and upper border 108.21 – 108.21. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Triple Bottom pattern has been formed on AUDJPY M15. It has the following characteristics: resistance level 108.16/108.06; support level 107.80/107.84; the width is 36 points. In the event of a breakdown of the resistance level of 108.16, the price is likely to continue an upward movement at least to 108.08.

The Double Bottom pattern has been formed on AUDJPY M5. Characteristics: the support level 107.81; the resistance level 108.00; the width of the pattern 19 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 20 points.

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 -2, support level -2, and pattern’s width 13. Forecast If the price breaks through the support level 108.25, it is likely to move further down to 108.25.

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 108.25 – 108.25 and upper border 108.40 – 108.40. In case the upper border is broken, the instrument is likely to follow the upward trend.

According to the chart of M15, AUDJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 108.12 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -69 pips.

The Double Top reversal pattern has been formed on AUDJPY M5. Characteristics: the upper boundary 109.42; the lower boundary 109.27; the width of the pattern is 15 points. Sell trades are better to be opened below the lower boundary 109.27 with a possible movements towards the 109.12 level.

The Triple Top pattern has formed on the chart of the AUDJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 109.09/109.10 with the upper limit 109.20/109.19; the projection of the width is 11 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 109.09, the price is most likely to continue the downward movement.

According to the chart of M5, AUDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 108.64/108.77 and upper border is 108.96/108.77. The pattern width is measured on the chart at -32 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 108.62.