It looks like the price shapes a descending channel and the price demands a further move as evidence of a breakout.
If price breaks out, the move could predict a move up.
Usdjpy could attempt a move to 149 while above 148.4 as the wind continues blowing in favor of the currency pair.
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: Bearish Flag
USD/JPY,
1 hour
SHORT
Jun 3
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: Ascending Triangle
USD/JPY,
1 hour
SHORT
Oct 10
We can see that the price forms an ascending triangle and the price wants further active pullback to confirm a breakdown.
An ascending triangle often signals that the price to go down if price breaks out.
A bearish continuation towards 152.6 is about to happen as upside pressure mitigates.
USD/JPY: Descending Triangle
USD/JPY,
1 day
LONG
Sep 19
A descending triangle is encountered and usdjpy calls for a further active bullish continuation as an indication of a breakout.
A descending triangle identifies that the price to go long in case if price breaks out.
A move to 149 is about to happen.
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: Rising Wedge
USD/JPY,
4 hours
SHORT
Jun 20
A rising wedge is nearing completion.
A rising wedge typically indicates the bulls have run out of steam in case if price breaks through the support.
There is a possibility of a bearish push down to the 145 zone.
USD/JPY: Rectangle
USD/JPY,
1 hour
LONG
Sep 24
We can see that a rectangle occurs and the price is about to break out.
Once price breaks out, the move could predict that the price to go long.
It is not ruled out that a bullish run towards 147.9 will take place.
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USD/JPY