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

According to the chart of M15, AUDJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 101.93 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -64 pips.

According to the chart of M30, AUDJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 101.93 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -64 pips.

The Triple Bottom pattern has formed on the chart of AUDJPY M30. Features of the pattern: The lower line of the pattern has coordinates 102.50 with the upper limit 102.50/102.23, the projection of the width is 44 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 102.06, the price is most likely to continue the upward movement.

The Triple Bottom pattern has been formed on AUDJPY M15. It has the following characteristics: resistance level 102.50/102.23; support level 102.06/101.99; the width is 44 points. In the event of a breakdown of the resistance level of 102.50, the price is likely to continue an upward movement at least to 102.28.

The Double Bottom pattern has been formed on AUDJPY M15; the upper boundary is 102.50; the lower boundary is 102.05. The width of the pattern is 44 points. In case of a break of the upper boundary 102.50, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

According to the chart of M5, AUDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 102.06/102.15 and upper border is 102.25/102.15. The pattern width is measured on the chart at -19 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and AUDJPY breaches the lower border, the price could continue its move toward 102.00.

According to the chart of M5, AUDJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 102.50 and support 102.35. In case the resistance level 102.50 - 102.50 is broken, the instrument is likely to follow the bullish trend.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart AUDJPY M5. Forecast: if the price breaks above the pattern high at 103.57, then traders will be able to place a long deal with the target at 103.72.

The Double Top pattern has been formed on AUDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 102.16 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on AUDJPY M5. Characteristics: the upper boundary 102.52; the lower boundary 101.48; the width of the pattern is 109 points. Sell trades are better to be opened below the lower boundary 101.48 with a possible movements towards the 101.33 level.