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

AUDJPY H1

Head and Shoulders
According to the chart of H1, AUDJPY formed the Head and Shoulders pattern. The Head’s top is set at 85.38 while the median line of the Neck is found at 84.07/84.17. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of AUDJPY will go towards 83.77.
2021-03-19

AUDJPY M30

Double Bottom
The Double Bottom pattern has been formed on AUDJPY M30. Characteristics: the support level 84.18; the resistance level 84.42; the width of the pattern 24 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 25 points.
2021-03-19

AUDJPY M5

Bearish Symmetrical Triangle
According to the chart of M5, AUDJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 84.18 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -27 pips.
2021-03-19

AUDJPY M15

Head and Shoulders
The AUDJPY M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 85.38, the Neckline and the upward angle are at 85.09/85.06. 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 84.83.
2021-03-18

AUDJPY M5

Triple Bottom
The Triple Bottom pattern has been formed on AUDJPY M5. It has the following characteristics: resistance level 85.19/85.17; support level 85.08/85.07; the width is 11 points. In the event of a breakdown of the resistance level of 85.19, the price is likely to continue an upward movement at least to 85.22.
2021-03-18

AUDJPY M5

Bullish Symmetrical Triangle
According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 84.94/84.85 whereas the lower border goes across 84.76/84.85. The pattern width is measured on the chart at 18 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 84.85 is broken, the price could continue its move toward 85.
2021-03-17

AUDJPY M5

Bullish Rectangle
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 84.78 – 84.78 and upper border 84.94 – 84.94. In case the upper border is broken, the instrument is likely to follow the upward trend.
2021-03-17

AUDJPY M5

Bearish Symmetrical Triangle
According to the chart of M5, AUDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 84.26 is likely to encourage a continuation of the downward trend.
2021-03-17

AUDJPY M5

Triple Top
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 -1, support level -3, and pattern’s width 7. Forecast If the price breaks through the support level 84.35, it is likely to move further down to 84.27.
2021-03-16

AUDJPY H1

Bullish pennant
The Bullish pennant signal – Trading instrument AUDJPY H1, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 84.69, with the prospect of the next move being a projection of the flagpole height.
2021-03-16