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

According to the chart of M15, AUDJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 112.84, the lower border is 112.53. The signal means that a long position should be opened above the upper border 112.84 of the Bullish Rectangle.

According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 112.54/112.70 whereas the upper border goes across 112.83/112.70. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of AUDJPY will breach the upper border to head for 112.85.

On the chart of AUDJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 112.83; the lower boundary 112.53; the width of the pattern 30 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 112.23 level.

The Double Top reversal pattern has been formed on AUDJPY M15. Characteristics: the upper boundary 112.84; the lower boundary 112.53; the width of the pattern is 30 points. Sell trades are better to be opened below the lower boundary 112.53 with a possible movements towards the 112.31 level.

According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 112.84 and 112.47 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 37 pips. Outlook: If the upper border 112.84 is broken, the price is likely to continue its move by 112.84.

The Double Bottom pattern has been formed on AUDJPY M5; the upper boundary is 112.82; the lower boundary is 112.69. The width of the pattern is 13 points. In case of a break of the upper boundary 112.82, 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.

On the chart of AUDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 114.16; the lower boundary 114.12; the width of the pattern 4 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 113.97 level.

The Triple Top pattern has formed on the chart of the AUDJPY D1 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -20, support level -131, and pattern’s width 338. Forecast If the price breaks through the support level 111.27, it is likely to move further down to 114.28.

According to the chart of M5, AUDJPY formed the Inverse Head and Shoulder pattern. The Head’s top is set at 113.92 while the median line of the Neck is found at 113.59/113.85. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of AUDJPY will go towards 114.07

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 114.09 is broken. The further movements will rely on the width of the current pattern 4 points.