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

The Double Bottom pattern has been formed on AUDJPY M5; the upper boundary is 111.08; the lower boundary is 110.87. The width of the pattern is 22 points. In case of a break of the upper boundary 111.08, 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 technical pattern called Head and Shoulders has appeared on the chart of AUDJPY M30. There are weighty reasons to suggest that the price will surpass the Neckline 110.91/110.93 after the right shoulder has been formed. So, the trend is set to change with the price heading for 110.63.

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 111.16 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on AUDJPY M15. 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 111.42 is broken. The further movements will rely on the width of the current pattern 51 points.

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 111.02 is broken. The further movements will rely on the width of the current pattern 8 points.

On the chart of the AUDJPY M15 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 110.77, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 38 points.

On the chart of AUDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 110.83; the lower boundary 110.61; the width of the pattern 22 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 110.46 level.

The Double Top reversal pattern has been formed on AUDJPY M5. Characteristics: the upper boundary 110.01; the lower boundary 109.92; the width of the pattern is 10 points. Sell trades are better to be opened below the lower boundary 109.92 with a possible movements towards the 109.77 level.

On the chart of AUDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 109.60; the lower boundary 109.49; the width of the pattern 11 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 109.26 level.

The Bullish pennant graphic pattern has formed on the AUDJPY M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 109.78.