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

According to the chart of M5, AUDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 112.33 - 0.00 and support 112.27 – 112.27. In case the resistance level 112.27 - 112.27 is broken, the instrument is likely to follow the bearish trend.

The Double Bottom pattern has been formed on AUDJPY M5. Characteristics: the support level 112.27; the resistance level 112.33; the width of the pattern 6 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 6 points.

The Double Top reversal pattern has been formed on AUDJPY M30. Characteristics: the upper boundary 112.59; the lower boundary 112.40; the width of the pattern is 19 points. Sell trades are better to be opened below the lower boundary 112.40 with a possible movements towards the 112.10 level.

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 112.40 is broken, the downward movement will continue.

According to the chart of M5, AUDJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 112.43 and support 112.33. In case the resistance level 112.43 - 112.43 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M30, AUDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 112.13/112.28 and upper border is 112.48/112.28. The pattern width is measured on the chart at -35 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 111.98.

On the chart of AUDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 112.69; the lower boundary 112.59; the width of the pattern 10 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 112.44 level.

According to the chart of M5, AUDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 112.16 is likely to encourage a continuation of the downward trend.

According to the chart of M15, AUDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 112.73 and 112.04 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 69 pips. Outlook: If the upper border 112.73 is broken, the price is likely to continue its move by 112.54.

According to the chart of M5, AUDJPY formed the Head and Shoulders pattern. The Head’s top is set at 112.75 while the median line of the Neck is found at 112.66/112.67. 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 112.52.