We can see that a rectangle has been found.
A rectangle often spots that the price will rally further when price breaks out.
USD/JPY aims to complete a retracement to 136 on a breach of 135.4 as the currency pair nears 135.4 hurdle.
USD/JPY: Rectangle
USD/JPY,
1 hour
SHORT
May 30
A rectangle is almost completed, the price is close to breaking out.
Once price breakdown occurs, the move could signal the bulls have run out of steam.
There is a possibility of a bearish move towards 140 once below 140.15 as USD/JPY failes to keep gains.
USD/JPY: Ascending Channel
USD/JPY,
4 hours
SHORT
Sep 29
An ascending channel is close to completion.
In case if price breaks below support, the resulting move could spot a move down.
USD/JPY opens door for a move towards the 148.5 mark while lower than 149.1.
USD/JPY: Falling Wedge
USD/JPY,
1 hour
LONG
Aug 16
We can see that a falling wedge turns up.
A falling wedge identifies a technical bullish signal that often indicates that prices are likely to keep rallying upward if price breaks above resistance.
It is possible that a bullish continuation towards the 145.6 zone will form on a break above 145.55 as the currency pair loses bearish momentum.
USD/JPY: Rising Wedge
USD/JPY,
1 hour
SHORT
Nov 15
We can see that USD/JPY forms a rising wedge, the price is going to break out soon.
A rising wedge is said to depict a bearish formation that typically results in a countertrend succeeding the current trend when price breaks out to the the downside.
It is possible that corrective downside to 156 will take place on a breakout of the rising wedge amid rising bets for the move.
USD/JPY: Descending Channel
USD/JPY,
4 hours
LONG
Mar 14
There is a descending channel encountered and USD/JPY calls for a more bigger move as a sign of a breakout.
A descending channel predicts a downward trend is nearing its end if price breaks through the resistance.
USD/JPY violates bearish trendline to the 149 level.
USD/JPY: Descending Triangle
USD/JPY,
1 hour
LONG
Sep 7
There is a descending triangle arising, USD/JPY lacks more active rise for clear breakout confirmation.
In case if price breaks above resistance, the move could spot the bears have run out of steam.
USD/JPY to recover bullish potential to 147.4 as risk reversal sheds bearish bias.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
May 2
It looks like an ascending channel is nearing completion and USD/JPY expects an active move as a verification of a breakdown.
An ascending channel provides a specific chart formation that indicates the bulls have run out of steam in case if price collapses through the support line.
USD/JPY does not rule out a move towards 137 on a breach of 137.5.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
Sep 5
As we can see USD/JPY creates a descending channel, the price breaks out now.
When price breaks above resistance, the move could predict a tendency to break in the opposite direction.
USD/JPY to turn bullish to 144.
USD/JPY: Bearish Flag
USD/JPY,
1 hour
SHORT
Jul 16
A bearish flag is encountered.
A bearish flag suggests a signal that is used to spot a move down when price breaks down.
USD/JPY risks further decline to 158 on a breakout of the bearish flag amid the currency pair recedes from tops.
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: Rising Wedge
USD/JPY,
1 hour
SHORT
May 2
It looks like the price composes a rising wedge and USD/JPY lacks steady push down as a sign of a breakdown.
A rising wedge typically signals a move down if price breaks below support.
There is a probability of a bearish move towards the 137.2 zone on a breakout of the rising wedge.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
USD/JPY