It looks like a rectangle has been uncovered and USD/JPY needs a bigger correction to confirm a breakout.
A rectangle often results in the more likely potential of falling prices in case if price breakdown occurs.
USD/JPY could attempt a move towards 147 on impulse below 148.2.
USD/JPY: Pennant
USD/JPY,
4 hours
SHORT
Mar 5
A pennant forms, the price requests a strong bearish continuation for the certainty of breakdown.
A pennant describes a technical chart indicator that can be used to identify the bulls have run out of steam if price breaks down.
USD/JPY set to lose more ground to 150.
USD/JPY: Ascending Channel
USD/JPY,
1 day
SHORT
Nov 18
An ascending channel is recognized.
An ascending channel depicts a technical chart signal that typically predicts price heading to a new direction once price breaks through the support.
USD/JPY targets a move towards the 148 zone on impulse below 150 amid rising bets for the move.
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: Rising Wedge
USD/JPY,
1 day
SHORT
Feb 27
There is a rising wedge detected and USD/JPY needs bigger fall as an indication of a breakdown.
A rising wedge tends to be a compelling bearish price signal that can be used to signal a trend change to the downside if price breaks out to the the downside.
There is a chance of a rangebound to the 150 level while below 150.5.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
Feb 13
There is a descending channel noticed, the price is going to break out soon.
In case if price breaks out to the the upside, the move could signal a bullish move.
A bullish push up towards 149.6 is probable while above 149.48 as USD/JPY challenges 149.48 hurdle.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
Jun 1
We can see that USD/JPY completes a descending channel, the price is about to break out.
Once price breaks out, the resulting move could identify a bullish price move.
It is possible that a further bullish continuation towards the 140 zone will take place once above 139.7.
USD/JPY: Rising Wedge
USD/JPY,
1 hour
SHORT
Dec 7
There is a rising wedge detected.
A rising wedge provides a pattern that has an upward slope that is used to signal reversals in uptrends once price breakdown occurs.
USD/JPY does not rule out a move towards 147.1 on a downside break amid USD/JPY recedes from recent highs.
USD/JPY: Rectangle
USD/JPY,
1 hour
LONG
Sep 20
We can see that a rectangle is almost done and USD/JPY expects a more bigger move to confirm a breakout.
A rectangle is a specific bullish chart signal that indicates a bullish price action when price breaks out to the the upside.
There is a possibility of a move to 148 on a breakout of the rectangle.
USD/JPY: Rectangle
USD/JPY,
4 hours
SHORT
Jul 6
We can see that a rectangle has been detected and the price requests a move to confirm rectangle breakdown.
A rectangle is a compelling pattern that predicts a further move down in case if price collapses through the support line.
There is a probability of further decline to 144.
USD/JPY: Rectangle
USD/JPY,
1 hour
SHORT
Jul 6
A rectangle materializes.
When price breaks out to the the downside, the move could indicate a next move down.
USD/JPY looks for a setback towards 144 while below 144.1 as the currency pair becomes under pressure.
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