FX.co ★ AUDJPY M5: Bearish Pennant

The Bearish Pennant pattern has formed on the AUDJPY M5 chart and signals a potential continuation of the existing trend. The pattern low is at 109.86, and the projected flagpole height is 31 points. If the price breaks below the pattern low at 109.86, the downtrend is expected to continue toward 109.71.