There is a descending channel discovered, USD/JPY demands a next steady move as a sign of a breakout.
When price breaks through the resistance, the move could predict that the price to go up.
A rangebound to the 148.2 level looks possible.
USD/JPY: Ascending Triangle
USD/JPY,
1 hour
SHORT
Jun 19
We can see that an ascending triangle arises and the price breaks out.
An ascending triangle is said to depict a compelling signal that results in a bearish price action once price breakdown occurs.
USD/JPY to extend the fall towards the 141.8 zone.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
Aug 7
It seems like a descending channel has been revealed.
A descending channel is a reliable formation that is angled down that is used to predict a breakout higher once price breaks above resistance.
USD/JPY to extend its rebound to the 142.4 mark as the currency pair becomes bid.
USD/JPY: Falling Wedge
USD/JPY,
1 hour
LONG
Jan 22
There is a falling wedge coming out.
In case if price breaks out to the the upside, the resulting move could predict a further move up.
A bullish move towards the 148.2 zone looks possible.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
Oct 25
A descending channel is nearing completion.
A descending channel identifies reversals in downtrends in case if price breaks through the resistance.
USD/JPY looks north towards the 150 zone on a breach of 149.95.
USD/JPY: Descending Triangle
USD/JPY,
1 hour
LONG
Mar 7
As we can see a descending triangle materializes and USD/JPY needs a bit more consolidation to confirm descending triangle breakout.
Once price breaks out to the the upside, the move could spot a further move up.
A further bullish price action towards 136.2 is likely.
USD/JPY: Rising Wedge
USD/JPY,
1 hour
SHORT
Mar 14
There is a rising wedge happening.
A rising wedge results in prices are likely to keep falling downward once price breakdown occurs.
It is not ruled out that a bearish run towards the 134 mark will be made as there is room for a downside correction.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
Nov 14
There is an ascending channel materializing.
An ascending channel is believed to be a compelling bearish chart signal that can be used to spot an upward trend is about to reverse into an downward trend when price breaks through the support.
USD/JPY could extend its slump towards 151.4.
USD/JPY: Descending Channel
USD/JPY,
1 day
LONG
Jan 11
It seems like a descending channel is close to being done and the price is ready to break out soon.
A descending channel identifies a technical price action formation that is angled down that often results in a temporary interruption of an existing trend once price breaks out to the the upside.
It is possible that a bullish move to 146 will take place.
USD/JPY: Pennant
USD/JPY,
1 hour
SHORT
Aug 23
There is a pennant distinguished.
A pennant often identifies the more likely potential of falling prices when price collapses through the support line.
USD/JPY set to accelerate its decline towards 145.4 while below 145.6.
USD/JPY: Descending Triangle
USD/JPY,
1 hour
LONG
May 24
It seems like a descending triangle materializes and the price requires a next bigger bullish impulse for the certainty of breakout.
A descending triangle tends to be a reliable bullish chart pattern that results in a change in price direction when price breaks above resistance.
It is not ruled out that a rangebound to 138.7 will occur on a break above 138.7.
USD/JPY: Ascending Triangle
USD/JPY,
1 hour
SHORT
Sep 7
It looks like an ascending triangle is exposed.
An ascending triangle typically indicates a sharp decline once price breakdown occurs.
It is likely that a bearish continuation to 147.2 will occur as the currency pair nears 147.4 hurdle.
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USD/JPY