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 day
SHORT
Jan 17
It seems like an ascending channel is observed and the price is about to break out.
An ascending channel identifies a specific pattern that has an upward slope that often results in a bearish price action when price breaks out.
It is not ruled out that a rangebound to 154 will occur while below 155 as the currency pair looks offered.
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: Descending Channel
USD/JPY,
4 hours
LONG
Jan 20
There is a descending channel determined.
A descending channel spots a potential reversal in price action if price breaks through the resistance.
USD/JPY to strengthen to the 157 mark on a breakout of the descending channel as indicators turn bullish.
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.
USD/JPY: Bearish Flag
USD/JPY,
1 hour
SHORT
Sep 6
A bearish flag is identified.
A bearish flag suggests a specific price formation that can be used to predict an extension in the downward direction in case if price breaks through the support.
There is a probability of corrective downside to the 143 level.
USD/JPY: Bullish Rectangle
USD/JPY,
4 hours
LONG
Nov 6
There is a bullish rectangle appearing.
A bullish rectangle is considered to be a useful bullish chart signal that often spots that the price to go up when price breaks through the resistance.
USD/JPY to head towards the 154.5 level.
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USD/JPY