FX.co ★ AUDJPY M5: Bullish Symmetrical Triangle

The Bullish Symmetrical Triangle pattern has formed on the AUDJPY M5 chart. This is a trend continuation pattern. Its upper and lower boundaries are at 111.81 and 111.43, respectively. The pattern width is 38 points. If the price breaks above the upper boundary at 111.81, it is likely to move toward 111.79.