There is a rising wedge discovered, the price expects a move as an information of a breakout.
A rising wedge denotes a technical chart indicator that signals a tendency to break in the opposite direction when price breaks through the support.
USD/JPY is at risk of resuming its decline to 157.8 on a breakout of the rising wedge amid rising bets for the move.
USD/JPY: Bearish Flag
USD/JPY,
1 hour
SHORT
Sep 26
We can see that USD/JPY establishes a bearish flag, USD/JPY wants a further bigger move to confirm bearish flag breakdown.
A bearish flag often results in a move down if price breaks out to the the downside.
There is a chance of corrective downside towards the 144 zone once below 144.6.
USD/JPY: Rising Wedge
USD/JPY,
4 hours
SHORT
Sep 28
We can see that a rising wedge pops up, the price demands more active push down as a sign of a breakout.
A rising wedge often results in a next move down if price breaks out.
USD/JPY could drop towards 149 on impulse below 149.3.
USD/JPY: Ascending Triangle
USD/JPY,
1 hour
SHORT
Jul 17
An ascending triangle is encountered, USD/JPY calls for a more active bearish action as a clue of a breakdown.
An ascending triangle denotes a useful bearish chart signal that identifies a bearish price move once price collapses through the support line.
A bearish run to 158.2 looks likely.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
Oct 25
There is a descending channel spotted.
A descending channel often spots a bullish price action once price breaks out.
A bullish push up to 152 is about to happen on a breach of 151.85.
USD/JPY: Rising Wedge
USD/JPY,
4 hours
SHORT
May 13
A rising wedge is nearing completion and USD/JPY lacks a further bigger move to confirm a breakout.
When price collapses through the support line, the move could signal a bearish price action.
USD/JPY to plummet towards 155.5.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
Jul 30
There is an ascending channel spotted.
An ascending channel typically indicates that the price to go down in case if price breaks below support.
USD/JPY to suffer further downside to 153.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
Sep 20
It seems like an ascending channel is very close to being finished, USD/JPY needs a next bigger move to confirm a breakdown.
An ascending channel suggests a reliable pattern that is angled up that can be used to identify a bearish price move if price breakdown occurs.
USD/JPY challenges a move towards 147.6 on a breach of 147.65.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
Dec 27
It looks like an ascending channel is almost done, USD/JPY demands a further strong move to confirm ascending channel breakdown.
An ascending channel predicts price heading to a new direction when price breaks out to the the downside.
USD/JPY to turn bearish towards the 142.5 level as USD/JPY nears 142.56 hurdle.
USD/JPY: Rectangle
USD/JPY,
4 hours
SHORT
May 31
There is a rectangle observed.
A rectangle tends to be a useful pattern that can be used to identify a bearish price action once price breaks through the support.
USD/JPY to turn bearish towards the 156.6 level on a breakout of the rectangle.
USD/JPY: Rising Wedge
USD/JPY,
1 hour
SHORT
Aug 23
It looks like a rising wedge happens.
A rising wedge denotes a compelling bearish pattern that is used to predict a bearish price action if price breaks down.
It is likely that a bearish run to 145 will happen on a breach of 145.5.
USD/JPY: Falling Wedge
USD/JPY,
1 hour
LONG
Nov 6
A falling wedge occurs.
If price breaks out to the the upside, the move could spot a change in the prevailing trend.
USD/JPY to enjoy a considerable gain towards the 152.5 level on a upside break.
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USD/JPY