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

The Head and Shoulders pattern has formed on the AUDJPY M5 chart. The head high is at 112.60, while the neckline passes through 112.49/112.47. The pattern may reverse the current uptrend. A break below the lower neckline anchor may confirm the bearish reversal.

The Bullish Rectangle has formed on the AUDJPY M5 chart. This pattern indicates a likely continuation of the trend. Its resistance is at 112.60 and its support is at 112.47. A breakout above the resistance zone at 112.60–112.60 is likely to signal a continuation of the bullish trend.

The Double Top pattern has formed on the AUDJPY M5 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 112.48 is likely to confirm further downward movement.

The Double Top reversal pattern has formed on the AUDJPY M5 chart. Its upper boundary is at 112.73, its lower boundary is at 112.60, and its width is 13 points. A short position may be considered below the lower boundary at 112.60, with a potential target at 112.45.

The Double Top reversal pattern has formed on the AUDJPY M15 chart. Its upper boundary is at 112.38, its lower boundary is at 111.64, and its width is 74 points. A break below the lower boundary is likely to confirm further downward movement toward 111.42.

The Double Bottom pattern has formed on the AUDJPY M15 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 112.74. The projected move is based on the pattern width of 66 points.

The Bearish Rectangle has formed on the AUDJPY M15 chart. This is a trend continuation pattern bounded by the lower boundary at 113.78–113.78 and the upper boundary at 114.10–114.10. A breakout below the lower boundary is likely to signal a continuation of the downtrend.

The Double Bottom pattern has formed on the AUDJPY M5 chart. Its support is at 113.80, its resistance is at 114.06, and its width is 26 points. A break above resistance may confirm a trend reversal, with the first target projected 25 points away.

The Double Top reversal pattern has formed on the AUDJPY M5 chart. Its upper boundary is at 114.44, its lower boundary is at 114.37, and its width is 7 points. A break below the lower boundary is likely to confirm further downward movement toward 114.22.

The Bullish Rectangle has formed on the AUDJPY M5 chart. This pattern indicates a likely continuation of the trend. Its resistance is at 114.44 and its support is at 114.37. A breakout above the resistance zone at 114.44–114.44 is likely to signal a continuation of the bullish trend.