AUDJPY has been carving out an ascending triangle since early July, with a rising trend line connecting higher lows running into a horizontal resistance ceiling around the 114.45 to 114.65 area.
AUDJPY has been grinding higher inside an ascending triangle since the start of the year, with a rising trend line connecting a series of higher lows while a horizontal ceiling near 114.50 has kept a lid on rallies.
AUDJPY broke down from the descending channel it had been consolidating in throughout June, slicing below the 112.50 minor psychological support zone that had been holding for weeks.
AUDJPY has been trading within a range on the short-term time frame, with price oscillating between the support floor around the 112.50 area and resistance near the 114.72 swing high.
AUDJPY has pulled back to test a confluence of support near the 110.636 area, where an ascending trend line that has been guiding the pair higher since late January intersects with Fibonacci retracement levels.
AUDJPY has been carving out a descending triangle pattern on the short-term time frame, with price printing a series of lower highs connected by a descending trendline while the floor around 111.40 has held as a relatively firm horizontal support.
AUDJPY has been carving out higher lows connected by a rising trend line that has held firm throughout the past several weeks, and the pair recently surged to a swing high near the 111.46 level before pulling back to digest those gains.
AUDJPY has been climbing steadily within an ascending channel since late October, with price recently pulling back from the channel top near 104.38.