There is a pennant detected, the price is going to break out.
A pennant identifies a bullish chart formation that can be used to identify the bears have run out of steam in case if price breaks out.
USD/JPY to extend its rebound towards 148.8 on a breakout of the pennant as outlook for USD/JPY stays positive.
USD/JPY: Bullish Flag
USD/JPY,
4 hours
LONG
Apr 28
There is a bullish flag uncovered and USD/JPY requests a further bullish move as an indication of a breakout.
A bullish flag suggests a pattern that can be used to identify a bullish move if price breaks out.
USD/JPY to recover bullish potential to 134.5 on a breach of 134.2.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
Jan 5
We can see that an ascending channel is close to being done, USD/JPY needs a more active move as a verification of a breakout.
An ascending channel depicts a reliable bearish price pattern with an upward bias that often results in a bearish move when price breaks down.
It is possible that a rangebound towards the 144 mark will happen on a breach of 145.
USD/JPY: Ascending Triangle
USD/JPY,
1 hour
SHORT
2 days ago
An ascending triangle pops up and the price is ready to break out.
An ascending triangle typically results in a further move down once price breaks below support.
USD/JPY now looks to the 154.4 level as gains remain capped.
USD/JPY: Descending Triangle
USD/JPY,
1 hour
SHORT
Mar 9
There is a descending triangle developing.
Once price breakdown occurs, the resulting move could indicate the more likely potential of falling prices.
A bearish continuation to 136.6 is on the way once below 136.7.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
Jan 11
There is an ascending channel exposed and the price is about to break out.
In case if price collapses through the support line, the resulting move could indicate that prices move counter to the prevailing price trend.
A bearish push down towards 145.2 is probable on a breakout of the ascending channel as risk reversal sheds bullish bias.
USD/JPY: Rectangle
USD/JPY,
1 hour
LONG
Mar 29
A rectangle is close to being complete.
When price breaks out to the the upside, the resulting move could spot that the price to go long.
USD/JPY to have better chances of advancing towards the 131.8 level on a break above 131.65 as the currency pair is at a brink of a bullish breakout.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
Aug 14
A descending channel is found and the price is close to breaking out soon.
When price breaks through the resistance, the move could indicate a downward trend is about to reverse into an upnward trend.
A bullish move towards 147.5 looks probable.
USD/JPY: Rectangle
USD/JPY,
4 hours
SHORT
Jul 31
There is a rectangle poping up.
When price breaks out to the the downside, the move could identify prices are likely to keep falling downward.
There is a possibility of decline to 151.
USD/JPY: Rising Wedge
USD/JPY,
1 hour
SHORT
Aug 28
There is a rising wedge spotted.
A rising wedge spots a bearish price action when price collapses through the support line.
USD/JPY to continue lower to the 146.4 zone.
USD/JPY: Ascending Triangle
USD/JPY,
4 hours
LONG
Oct 17
As we can see an ascending triangle is very close to being completed, the price is ready to break out.
An ascending triangle often results in an extension in the upward direction once price breaks out to the the upside.
USD/JPY to extend its rebound towards the 150 level once above 149.8 amid rising bets for the move.
USD/JPY: Rising Wedge
USD/JPY,
1 hour
SHORT
Sep 12
It looks like a rising wedge has been determined and the price expects a more move for the certainty of breakout.
A rising wedge is believed to be a bearish chart indicator that spots a change in the prevailing trend if price breakdown occurs.
It is not ruled out that a bearish move to 141.5 will happen.
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USD/JPY