There is a rectangle emerging and the price is ready to break out now.
A rectangle is said to depict a signal that typically results in extending an uptrend in case if price breaks through the resistance.
USD/JPY looks north to 148.2 as the currency pair loses bearish momentum.
USD/JPY: Ascending Channel
USD/JPY,
4 hours
SHORT
Mar 9
There is an ascending channel spotted and the price wants a next move to confirm ascending channel breakdown.
An ascending channel signals the more likely potential of falling prices in case if price breaks below support.
USD/JPY to move back to 135 while lower than 136 as bears look for entries.
USD/JPY: Ascending Triangle
USD/JPY,
1 hour
LONG
Jun 22
There is an ascending triangle turning up, the price is about to break out.
An ascending triangle is a specific formation that is used to identify a sharp rise in case if price breaks out to the the upside.
It is likely that a further bullish continuation towards 142.4 will occur once above 142.3.
USD/JPY: Rising Wedge
USD/JPY,
1 hour
SHORT
Jun 20
It seems like USD/JPY establishes a rising wedge, the price is breaking out.
Once price breakdown occurs, the resulting move could indicate price reversal after a pause.
USD/JPY does not rule out a move to 141.8 on a breach of 141.9 as the currency pair challenges 141.9 hurdle.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
6 days ago
We can see that an ascending channel emerges, the price expects a move for the certainty of breakdown.
An ascending channel can be thought of as a compelling chart formation that is angled up that can be used to signal a potential reversal in price action in case if price collapses through the support line.
A bearish price action to 155.8 is possible.
USD/JPY: Descending Triangle
USD/JPY,
1 hour
LONG
Sep 27
There is a descending triangle determined.
A descending triangle often predicts a bullish price action if price breaks above resistance.
It is not ruled out that a bullish price action to the 149.1 level will occur once beyond 149.04.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
Mar 31
There is an ascending channel determined.
An ascending channel identifies a specific formation that can be used to predict price reversal after a pause when price breaks through the support.
It is not ruled out that a bearish price action to 132.5 will form on a breakout of the ascending channel.
USD/JPY: Rectangle
USD/JPY,
1 hour
LONG
Feb 8
As we can see a rectangle develops.
A rectangle signals a bullish price action when price breaks out to the the upside.
It is likely that a rangebound towards the 148.3 mark will form on a breach of 148.25.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
Jan 23
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: Rising Wedge
USD/JPY,
1 day
SHORT
Jul 6
There is a rising wedge poping up, the price requests next fall as proof of a breakdown.
When price collapses through the support line, the resulting move could indicate a bearish move.
A move towards 160 is not ruled out while lower than 161.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
Jul 30
There is an ascending channel discovered and USD/JPY needs a bigger correction to confirm ascending channel breakout.
If price breaks down, the resulting move could predict extending an downtrend.
There is a probability of corrective downside towards the 154 mark on a downside break.
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.
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USD/JPY