FX.co ★ AUDJPY M5: Bearish Symmetrical Triangle

The Bearish Symmetrical Triangle pattern has formed on the AUDJPY M5 chart. Its lower boundary passes through 112.11/112.17, while its upper boundary passes through 112.23/112.17. The pattern width is 12 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If AUDJPY breaks below the lower boundary, the price could move toward 112.02.