Open:
High:
Low:
Close:
DESCENDING TRIANGLE
USD/JPY
4H
There is a descending triangle determined.
A descending triangle represents a technical price action indicator that typically predicts reversals in downtrends in case if price breaks out to the the upside.
A bullish run to 159.5 is probable.
RECTANGLE
USD/JPY
1H
There is a rectangle poping up.
When price breakdown occurs, the resulting move could spot a next move down.
It is possible that a move towards 158.6 will happen on a breakout of the rectangle.
ASCENDING TRIANGLE
USD/JPY
1H
It seems like an ascending triangle is almost done, the price is ready to break out.
An ascending triangle is considered to be a technical indicator that results in a move down in case if price breaks through the support.
It is likely that extra downside to 158.7 will happen.
RISING WEDGE
USD/JPY
4H
A rising wedge has been distinguished, the price breaks out now.
A rising wedge spots that the price to go short once price breaks below support.
Usdjpy accelerates losses to the 158.5 level on a breakout of the rising wedge.
PENNANT
USD/JPY
1H
A pennant has been discovered, the price calls for a bit more consolidation to confirm pennant breakout.
A pennant indicates a next move up if price breaks out.
There is a chance of a further rangebound to 159.1 as usdjpy loses bearish momentum.
DESCENDING CHANNEL
USD/JPY
1H
There is a descending channel turning up and the price is ready to break out.
A descending channel identifies a specific bullish price action pattern that has a downward slope that can be used to indicate a bullish price action in case if price breaks out to the the upside.
Usdjpy could attempt a move to the 159.2 zone as there is a chance for a upside correction.
DESCENDING CHANNEL
USD/JPY
1H
A descending channel emerges and the price expects an active move as a verification of a breakout.
A descending channel provides a compelling formation that spots a countertrend succeeding the current trend when price breaks through the resistance.
A rangebound towards the 159 mark is possible as the currency pair challenges 158.85 hurdle.
FALLING WEDGE
USD/JPY
1H
It looks like a falling wedge has been uncovered, the price is going to break out.
If price breaks out to the the upside, the move could identify a next move up.
Usdjpy turns higher to 159 as uptrend may continue.
ASCENDING TRIANGLE
USD/JPY
1H
An ascending triangle is very close to being finished.
An ascending triangle suggests a useful bearish price indicator that often identifies a bearish price move when price breakdown occurs.
There is a possibility of a further rangebound towards 159.2 as indicators favor bears.
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