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

The Double Top reversal pattern has been formed on AUDJPY M5. Characteristics: the upper boundary 110.01; the lower boundary 109.92; the width of the pattern is 10 points. Sell trades are better to be opened below the lower boundary 109.92 with a possible movements towards the 109.77 level.

On the chart of AUDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 109.60; the lower boundary 109.49; the width of the pattern 11 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 109.26 level.

The Bullish pennant graphic pattern has formed on the AUDJPY M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 109.78.

According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 109.15 and 108.69 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 46 pips. Outlook: If the upper border 109.15 is broken, the price is likely to continue its move by 109.09.

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 109.02 is broken, the downward movement will continue.

The technical pattern called Head and Shoulders has appeared on the chart of AUDJPY M5. There are weighty reasons to suggest that the price will surpass the Neckline 109.04/109.03 after the right shoulder has been formed. So, the trend is set to change with the price heading for 108.88.

The Triple Top pattern has formed on the chart of the AUDJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 109.02/109.03 with the upper limit 109.11/109.14; the projection of the width is 9 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 109.02, the price is most likely to continue the downward movement.

The Double Top reversal pattern has been formed on AUDJPY M5. Characteristics: the upper boundary 109.11; the lower boundary 109.02; the width of the pattern is 9 points. Sell trades are better to be opened below the lower boundary 109.02 with a possible movements towards the 108.87 level.

According to the chart of M30, AUDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 108.67 and 108.27 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 40 pips. Outlook: If the upper border 108.67 is broken, the price is likely to continue its move by 108.79.

According to the chart of M30, AUDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 108.21, the lower border is 107.80. The signal means that a short position should be opened after fixing a price below the lower border 107.80 of the Bearish Rectangle.