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 102.37 is broken, the downward movement will continue.

On the chart of AUDJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 102.46; the lower boundary 102.18; the width of the pattern 28 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 101.88 level.

The Triple Top pattern has formed on the chart of the AUDJPY H1 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 0, support level -34, and pattern’s width 48. Forecast If the price breaks through the support level 101.96, it is likely to move further down to 102.05.

According to the chart of M30, AUDJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 102.45, the lower border is 102.30. The signal means that a long position should be opened above the upper border 102.45 of the Bullish Rectangle.

According to the chart of M15, AUDJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 102.45, the lower border is 102.30. The signal means that a long position should be opened above the upper border 102.45 of the Bullish Rectangle.

The Double Top reversal pattern has been formed on AUDJPY M30. Characteristics: the upper boundary 102.45; the lower boundary 102.30; the width of the pattern is 14 points. Sell trades are better to be opened below the lower boundary 102.30 with a possible movements towards the 102.00 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 102.33/102.39 with the upper limit 102.43/102.44; the projection of the width is 10 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 102.33, the price is most likely to continue the downward movement.

The Double Top reversal pattern has been formed on AUDJPY H1. Characteristics: the upper boundary 102.44; the lower boundary 101.96; the width of the pattern is 49 points. Sell trades are better to be opened below the lower boundary 101.96 with a possible movements towards the 101.56 level.

On the chart of AUDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 102.39; the lower boundary 101.96; the width of the pattern 43 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 101.81 level.

The AUDJPY M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 102.21, the Neckline and the upward angle are at 102.02/102.05. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of AUDJPY will go towards 101.90.