FX.co ★ AUDJPY M5: Bearish Flag

The Bearish Flag pattern has formed on the AUDJPY M5 chart. Its lower boundary passes through 109.86/110.00, while its upper boundary passes through 109.98/110.12. The projected flagpole height is 31 points. The formation indicates that the downtrend is likely to continue. A break below 109.86 would confirm further downward movement.