It looks like a descending triangle happens and the price is ready to break out soon.
A descending triangle denotes a useful bullish chart indicator that spots a move up in case if price breaks through the resistance.
USD/JPY pushes higher towards the 133 mark on a breakout of the descending triangle.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
Feb 29
There is an ascending channel forming.
An ascending channel can be thought of as a bearish price action signal that is used to predict an extension in the downward direction if price breaks below support.
A bearish move to 150.4 looks possible.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
Jan 29
There is an ascending channel discovered.
Once price breaks down, the move could predict a break during an uptrending market.
It is possible that decline towards the 147.6 mark will happen.
USD/JPY: Rising Wedge
USD/JPY,
1 hour
SHORT
Oct 19
There is a rising wedge taking place.
Once price collapses through the support line, the move could indicate a sharp decline.
USD/JPY to push down towards the 149.7 mark on a breach of 149.8 as the currency pair becomes weaker.
USD/JPY: Ascending Triangle
USD/JPY,
4 hours
LONG
Jul 19
There is an ascending triangle encountered.
When price breaks out, the move could predict a move up.
USD/JPY to enjoy a considerable gain to the 140 mark.
USD/JPY: Ascending Triangle
USD/JPY,
1 hour
LONG
Aug 16
The price shapes an ascending triangle, the price calls for a strong impulse up as an information of a breakout.
An ascending triangle typically indicates that prices are likely to keep rallying upward when price breaks above resistance.
There is a chance of a bullish price action towards the 146 mark on a breakout of the ascending triangle as USD/JPY resumes the upside.
USD/JPY: Falling Wedge
USD/JPY,
4 hours
LONG
Jun 13
A falling wedge is discovered and the price requires a move as proof of a breakout.
Once price breaks out, the resulting move could identify that the price to go up.
USD/JPY to turn bullish to 139.6 once beyond 139.6 as the currency pair sticks to the positive mood.
USD/JPY: Pennant
USD/JPY,
1 hour
SHORT
Oct 27
A pennant emerges and USD/JPY needs active fall as a verification of a breakout.
A pennant is considered to be a specific bearish chart indicator that spots that the price to go short once price breaks below support.
It is possible that a move towards 150.2 will be made.
USD/JPY: Falling Wedge
USD/JPY,
1 hour
LONG
Mar 10
It seems like a falling wedge has been observed and the price lacks a more active move for clear breakout confirmation.
A falling wedge results in that the price to go long if price breaks out.
It is not ruled out that a bullish price action to 136.4 will form amid the currency pair recovers from recent lows.
USD/JPY: Rectangle
USD/JPY,
1 hour
SHORT
Feb 6
As we can see a rectangle arises.
A rectangle typically signals the more likely potential of falling prices in case if price breakdown occurs.
It is possible that a bearish push down towards the 148.3 level will take place.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
Mar 21
It seems like a descending channel turns up, USD/JPY expects push up as a signal of a breakout.
If price breaks out, the move could signal the more likely potential of rising prices.
USD/JPY opens door for a move to 132 on a breach of 131.6.
USD/JPY: Pennant
USD/JPY,
1 hour
SHORT
Aug 31
There is a pennant arising and the price breaks out.
When price collapses through the support line, the move could signal an extension in the downward direction.
USD/JPY risks further decline to the 145.8 level on a breakout of the pennant.
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USD/JPY