Open:
High:
Low:
Close:
RECTANGLE
USD/JPY
1H
A rectangle is close to being done and the price is ready to break out.
A rectangle is considered to be a bearish pattern that often predicts a bearish price action in case if price breakdown occurs.
There is a probability of a further bearish price action to 157.8 on a breach of 157.86.
ASCENDING TRIANGLE
USD/JPY
4H
An ascending triangle is exposed and the price is breaking out.
An ascending triangle typically results in the more likely potential of falling prices in case if price breaks down.
It is not ruled out that decline to the 157.8 mark will happen on a breakout of the ascending triangle.
DESCENDING CHANNEL
USD/JPY
1H
Usdjpy shapes a descending channel, the price is ready to break out.
A descending channel depicts a specific bullish pattern that typically signals an extension in the upward direction in case if price breaks out to the the upside.
Usdjpy challenges a move towards the 158.4 zone.
PENNANT
USD/JPY
1H
Usdjpy shows a pennant.
If price breakdown occurs, the resulting move could spot the more likely potential of falling prices.
A bearish continuation to the 158 mark looks likely on a breach of 158.1.
BULLISH FLAG
USD/JPY
1H
There is a bullish flag discovered, the price expects a bullish impulse as a verification of a breakout.
In case if price breaks above resistance, the move could spot a bullish price action.
There is a probability of a bullish move to 158.4 once beyond 158.3.
ASCENDING CHANNEL
USD/JPY
1H
It seems like an ascending channel arises.
An ascending channel is believed to be a specific bearish price action formation that can be used to spot a trend change to the downside if price breaks through the support.
Usdjpy looks south towards 158 as indicators turn bearish.
PENNANT
USD/JPY
4H
A pennant has been determined, usdjpy requests a further correction as a signal of a breakout.
A pennant predicts the bulls have run out of steam once price collapses through the support line.
Usdjpy to increase bearish potential to 157.8 on a breach of 158.
RISING WEDGE
USD/JPY
1H
There is a rising wedge coming out and the price is about to break out soon.
A rising wedge often signals a temporary interruption during a rising market when price breaks down.
Decline towards 158.2 is going to happen.
DESCENDING CHANNEL
USD/JPY
4H
The price completes a descending channel.
A descending channel is considered to be a bullish pattern that predicts a bullish price action if price breaks out.
Usdjpy to push up towards 158.6 as risk reversal sheds bearish bias.
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