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.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
Jun 30
An ascending channel materializes and the price breaks out.
An ascending channel often predicts a further move down once price collapses through the support line.
It is possible that decline to 144 will happen once below 144.5 as indicators favor bears.
USD/JPY: Pennant
USD/JPY,
1 hour
LONG
Feb 2
There is a pennant observed, the price asks for an active move as an indication of a breakout.
Once price breaks out, the resulting move could indicate that the price will rally further.
It is possible that a bullish move to 146.8 will take place as outlook for the currency pair stays positive.
USD/JPY: Bullish Rectangle
USD/JPY,
1 hour
LONG
Oct 3
A bullish rectangle appears, the price is about to break out soon.
A bullish rectangle tends to be a chart pattern that identifies extending an uptrend once price breaks out to the the upside.
A rangebound towards 150 is a possibility as weakness seen overdone.
USD/JPY: Pennant
USD/JPY,
1 hour
SHORT
Mar 4
There is a pennant poping up.
A pennant represents a compelling chart formation that is used to spot a sharp decline once price breaks down.
There is a probability of a rangebound towards the 150.4 zone as upside pressure alleviates.
USD/JPY: Rising Wedge
USD/JPY,
1 hour
SHORT
May 10
It seems like the price completes a rising wedge and USD/JPY asks for a move as an indication of a breakout.
A rising wedge often predicts the more likely potential of falling prices in case if price breaks out to the the downside.
USD/JPY pulls back towards the 135 mark on a break below 135.2.
USD/JPY: Rectangle
USD/JPY,
4 hours
LONG
May 12
We can see that a rectangle has been found.
A rectangle often spots that the price will rally further when price breaks out.
USD/JPY aims to complete a retracement to 136 on a breach of 135.4 as the currency pair nears 135.4 hurdle.
USD/JPY: Rectangle
USD/JPY,
1 hour
SHORT
May 30
A rectangle is almost completed, the price is close to breaking out.
Once price breakdown occurs, the move could signal the bulls have run out of steam.
There is a possibility of a bearish move towards 140 once below 140.15 as USD/JPY failes to keep gains.
USD/JPY: Falling Wedge
USD/JPY,
1 hour
LONG
Aug 16
We can see that a falling wedge turns up.
A falling wedge identifies a technical bullish signal that often indicates that prices are likely to keep rallying upward if price breaks above resistance.
It is possible that a bullish continuation towards the 145.6 zone will form on a break above 145.55 as the currency pair loses bearish momentum.
USD/JPY: Ascending Channel
USD/JPY,
4 hours
SHORT
Sep 29
An ascending channel is close to completion.
In case if price breaks below support, the resulting move could spot a move down.
USD/JPY opens door for a move towards the 148.5 mark while lower than 149.1.
USD/JPY: Descending Triangle
USD/JPY,
1 hour
LONG
Sep 7
There is a descending triangle arising, USD/JPY lacks more active rise for clear breakout confirmation.
In case if price breaks above resistance, the move could spot the bears have run out of steam.
USD/JPY to recover bullish potential to 147.4 as risk reversal sheds bearish bias.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
May 2
It looks like an ascending channel is nearing completion and USD/JPY expects an active move as a verification of a breakdown.
An ascending channel provides a specific chart formation that indicates the bulls have run out of steam in case if price collapses through the support line.
USD/JPY does not rule out a move towards 137 on a breach of 137.5.
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USD/JPY