Open:
High:
Low:
Close:
ASCENDING CHANNEL
USD/JPY
1H
It seems like an ascending channel is close to being finished.
An ascending channel signals a next move down when price breakdown occurs.
There is a possibility of a further bearish continuation to the 162.2 level on a breakout of the ascending channel.
RISING WEDGE
USD/JPY
1H
There is a rising wedge materializing, the price wants further active fall as proof of a breakout.
If price breaks out, the move could signal the more likely potential of falling prices.
Usdjpy to extend the correction lower to the 162.2 zone.
DESCENDING CHANNEL
USD/JPY
4H
Usdjpy shapes a descending channel.
A descending channel suggests a chart pattern that typically spots a pause in a downtrending market once price breaks above resistance.
Usdjpy to prolong the growth phase to 162.6 as bulls looking for upside correction.
DESCENDING TRIANGLE
USD/JPY
1H
It seems like a descending triangle is spotted.
A descending triangle signals the bulls have run out of steam in case if price breaks out.
Usdjpy to push down towards 162.2 on a downside break.
PENNANT
USD/JPY
1H
A pennant is almost done, usdjpy needs a further move as a verification of a breakdown.
A pennant is a compelling chart formation that is used to identify a next move down once price breakdown occurs.
It is not ruled out that a rangebound to the 162.2 zone will form on a breakout of the pennant as the currency pair nears 162.3 hurdle.
ASCENDING TRIANGLE
USD/JPY
4H
An ascending triangle occurs, the price is close to breaking out.
An ascending triangle tends to be a reliable bearish signal that indicates a next move down once price collapses through the support line.
A bearish run towards the 162 zone is likely on a breach of 162.3.
PENNANT
USD/JPY
1H
As we can see a pennant takes place and the price requests a more strong move as proof of a breakout.
A pennant provides a reliable chart formation that predicts a sharp rise if price breaks out to the the upside.
There is a chance of a move towards the 162.5 zone on a breach of 162.4.
ASCENDING CHANNEL
USD/JPY
1H
An ascending channel occurs, usdjpy wants further bigger fall for the certainty of breakdown.
An ascending channel depicts a reliable indicator that is used to predict that the price to go down in case if price breaks through the support.
Usdjpy could recede to 162.4.
RISING WEDGE
USD/JPY
1H
It seems like a rising wedge has been revealed, the price is close to breaking out.
A rising wedge often results in a move down in case if price breaks down.
Usdjpy to extend the fall towards the 162.4 mark on impulse below 162.55.
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