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: Rectangle
USD/JPY,
4 hours
LONG
Apr 10
We can see that the price gives a rectangle, the price asks for an impulse up as an indication of a breakout.
A rectangle provides a reliable formation that identifies the more likely potential of rising prices when price breaks out to the the upside.
USD/JPY to push up towards 152.
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: 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: Descending Channel
USD/JPY,
4 hours
LONG
Apr 9
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: Ascending Triangle
USD/JPY,
4 hours
LONG
4 days ago
It seems like an ascending triangle comes out, the price is breaking out.
An ascending triangle describes a technical bullish signal that typically signals that prices are likely to keep rallying upward when price breaks above resistance.
There is a chance of a bullish push up towards 155 as USD/JPY sticks to the positive mood.
USD/JPY: Symmetrical Triangle
USD/JPY,
1 hour
LONG
Mar 7
A symmetrical triangle turns up.
A symmetrical triangle is said to depict a signal that often signals extending an uptrend in case if price breaks above resistance.
USD/JPY is bullish and en route to 136.2.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
Oct 17
It looks like USD/JPY completes an ascending channel and the price is about to break out now.
An ascending channel can be thought of as a compelling price indicator that is used to identify a trend change to the downside in case if price collapses through the support line.
It is likely that a bearish push down towards the 149.4 level will happen on a breach of 149.52.
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