We can see that an ascending channel is almost done, the price wants a bigger correction as a verification of a breakdown.
An ascending channel describes a useful chart signal that spots a temporary interruption during a rising market when price breaks down.
Decline towards 149.5 is possible as USD/JPY becomes bearish.
USD/JPY: Descending Channel
USD/JPY,
4 hours
LONG
Jan 2
It looks like a descending channel comes out and the price expects next push up as a sign of a breakout.
A descending channel results in the more likely potential of rising prices in case if price breaks above resistance.
USD/JPY pushes higher towards 142 as downside pressure mitigates.
USD/JPY: Rectangle
USD/JPY,
4 hours
LONG
Sep 20
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
Jan 15
We can see that the price gives a rising wedge, USD/JPY calls for a bigger correction as proof of a breakdown.
If price breaks down, the move could predict that the price to go down.
USD/JPY challenges a move to the 157.8 mark.
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: Rectangle
USD/JPY,
4 hours
LONG
Mar 24
There is a rectangle identified and the price is about to break out.
In case if price breaks out to the the upside, the resulting move could identify extending an uptrend.
It is possible that a move to the 150.5 level will occur once above 150.2.
USD/JPY: Ascending Triangle
USD/JPY,
1 hour
LONG
Feb 11
It looks like an ascending triangle is recognized and the price demands a more strong move as evidence of a breakout.
An ascending triangle is said to depict a price action signal that typically signals a move up if price breaks out to the the upside.
A bullish continuation towards the 152.6 level is possible on a upside break.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
Dec 18
We can see that a descending channel happens, USD/JPY wants a next steady impulse up to confirm descending channel breakout.
In case if price breaks above resistance, the move could signal a bullish move.
There is a possibility of a bullish continuation towards the 153.8 level on a breakout of the descending channel.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
Jan 23
There is an ascending channel arising and the price wants a next active impulse down as a verification of a breakout.
An ascending channel spots a move down once price collapses through the support line.
A bearish price action to the 156.4 mark is likely on a break below 156.5.
USD/JPY: Rising Wedge
USD/JPY,
1 hour
SHORT
Dec 30
It looks like a rising wedge occurs and USD/JPY requests a more strong move as evidence of a breakout.
A rising wedge often signals a bearish move in case if price breaks down.
USD/JPY to head to 157.6 on a break below 157.8.
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USD/JPY