There is an ascending triangle turning up, USD/JPY calls for a further bigger move as evidence of a breakout.
An ascending triangle depicts a compelling bullish price action signal that is used to identify a bullish price action when price breaks out.
It is not ruled out that a bullish move towards the 149.4 mark will occur.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
Jul 11
There is an ascending channel recognized.
An ascending channel is considered to be a bearish price action indicator that is used to spot a bearish move if price breaks below support.
A bearish continuation towards 161.5 is about to happen as bears seeking a new low.
USD/JPY: Pennant
USD/JPY,
4 hours
SHORT
Oct 14
A pennant has been identified.
Once price breaks down, the resulting move could signal a further move down.
Usdjpy could attempt a move to the 151.5 level.
USD/JPY: Symmetrical Triangle
USD/JPY,
1 hour
LONG
Oct 21
The price composes a symmetrical triangle, the price breaks out soon.
A symmetrical triangle suggests a useful bullish price pattern that is used to predict that prices are likely to keep rallying upward when price breaks out to the the upside.
Usdjpy opens door for a move towards the 150.8 zone as usdjpy challenges 150.75 hurdle.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
Dec 18
It looks like a descending channel is observed.
A descending channel suggests a compelling indicator that can be used to predict that the price to go up if price breaks through the resistance.
A bullish push up towards the 154.2 level is on the way once beyond 154 as minor hurdle remains at 154.
USD/JPY: Bullish Rectangle
USD/JPY,
1 hour
LONG
Apr 15
There is a bullish rectangle observed, the price wants a bit more consolidation as an information of a breakout.
A bullish rectangle spots the bears have run out of steam when price breaks through the resistance.
USD/JPY turns bullish towards 153.6.
USD/JPY: Ascending Triangle
USD/JPY,
4 hours
LONG
Nov 17
As we can see usdjpy establishes an ascending triangle and the price is ready to break out.
An ascending triangle can be thought of as a reliable pattern that signals a bullish move when price breaks through the resistance.
Usdjpy to resume its rise to 155.2 on a break above 155 as bulls lurking in demand zone.
USD/JPY: Pennant
USD/JPY,
1 hour
LONG
Dec 18
USD/JPY establishes a pennant and the price requires a next bullish continuation as a clue of a breakout.
A pennant provides a technical bullish chart indicator that often results in a sharp rise if price breaks out to the the upside.
A bullish price action towards the 154.2 zone about to be made while above 154.1.
USD/JPY: Rectangle
USD/JPY,
1 hour
SHORT
May 15
A rectangle has been encountered.
When price breakdown occurs, the resulting move could signal the bulls have run out of steam.
USD/JPY could drop to 156.1.
USD/JPY: Rising Wedge
USD/JPY,
1 hour
SHORT
Oct 3
It seems like a rising wedge is close to being completed and USD/JPY asks for a move for the certainty of breakout.
A rising wedge provides a specific pattern that indicates prices are likely to keep falling downward in case if price breaks out.
Decline towards 149.6 stays on the cards.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
Apr 27
A descending channel happens and the price is about to break out.
A descending channel can be thought of as a reliable pattern that is used to identify a countertrend succeeding the current trend if price breaks through the resistance.
A further bullish continuation to 134 about to be made.
USD/JPY: Rectangle
USD/JPY,
1 hour
SHORT
Jan 15
There is a rectangle detected.
A rectangle tends to be a specific bearish chart pattern that indicates a bearish price move when price breaks through the support.
USD/JPY risks a correction towards 157.2 on a breakout of the rectangle.
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USD/JPY