There is a bearish flag forming, the price is ready to break out.
A bearish flag signals a break in the price direction once price breaks through the support.
It is possible that a bearish move to the 156.8 level will form on impulse below 156.9.
USD/JPY: Falling Wedge
USD/JPY,
1 hour
LONG
40 hours ago
USD/JPY develops a falling wedge.
A falling wedge tends to be a pattern that is angled down that can be used to identify a downward trend is nearing its end once price breaks through the resistance.
USD/JPY to peak towards the 154.5 level as bulls seeking a new high.
USD/JPY: Ascending Channel
USD/JPY,
1 day
SHORT
Jul 18
An ascending channel occurs and the price is ready to break out now.
If price breaks out, the resulting move could identify a pause in an uptrending market.
A bearish run towards the 156 level looks likely on a breach of 157.5.
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.
USD/JPY: Bearish Rectangle
USD/JPY,
1 hour
SHORT
Aug 2
There is a bearish rectangle diagnosed.
A bearish rectangle typically spots an extension in the downward direction if price breaks through the support.
USD/JPY could attempt a move towards the 148.5 level.
USD/JPY: Descending Triangle
USD/JPY,
1 hour
LONG
Mar 26
A descending triangle has been spotted, the price is close to breaking out now.
A descending triangle depicts a useful signal that results in a sharp rise if price breaks above resistance.
USD/JPY to prolong the growth phase towards 151.4.
USD/JPY: Rectangle
USD/JPY,
1 hour
LONG
32 hours ago
We can see that a rectangle has been distinguished and the price is about to break out.
A rectangle typically identifies the bears have run out of steam once price breaks out.
USD/JPY turns bullish towards the 155 zone on a break above 154.8 as the currency pair looks bid.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
Sep 20
An ascending channel appears and USD/JPY demands a more strong move for the certainty of breakout.
An ascending channel indicates a move down if price breaks below support.
A bearish continuation towards 147.6 is probable.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
Feb 2
There is a descending channel determined and USD/JPY lacks a further active impulse up to confirm descending channel breakout.
A descending channel results in a break during a downtrending market when price breaks through the resistance.
USD/JPY could attempt a move towards 146.6 on a breakout of the descending channel.
USD/JPY: Bearish Flag
USD/JPY,
4 hours
SHORT
5 days ago
As we can see a bearish flag has been uncovered.
In case if price collapses through the support line, the resulting move could indicate a temporary interruption of an existing trend.
USD/JPY risks further decline to the 155 zone.
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USD/JPY