Open:
High:
Low:
Close:
ASCENDING TRIANGLE
USD/JPY
1H
It seems like usdjpy shows an ascending triangle.
When price breaks out to the the upside, the resulting move could signal a bullish price action.
Usdjpy to head towards the 155.5 zone on a breach of 155.3 as minor hurdle remains at 155.3.
RISING WEDGE
USD/JPY
1H
We can see that a rising wedge has been found.
When price breaks out to the the downside, the move could signal the more likely potential of falling prices.
It is likely that a bearish move to the 154.5 zone will take place as outlook for usdjpy stays negative.
DESCENDING TRIANGLE
USD/JPY
1H
A descending triangle forms and the price is close to breaking out.
A descending triangle is believed to be a price signal that is used to predict a sharp rise in case if price breaks through the resistance.
Usdjpy to grind higher towards 153.4.
SYMMETRICAL TRIANGLE
USD/JPY
1H
There is a symmetrical triangle spotted.
Once price breaks through the support, the move could indicate a move down.
There is a possibility of a move towards the 152.5 level on a breach of 153.1 as outlook for usdjpy stays negative.
BEARISH FLAG
USD/JPY
1H
There is a bearish flag encountered and the price is going to break out now.
A bearish flag is said to depict a useful indicator that results in a next move down in case if price breaks out.
Usdjpy to extend its setback towards the 152.5 level on a breakout of the bearish flag.
ASCENDING TRIANGLE
USD/JPY
1H
There is an ascending triangle uncovered and usdjpy needs a further bigger move for clear breakout confirmation.
An ascending triangle is considered to be a pattern that can be used to predict a sharp rise once price breaks through the resistance.
Usdjpy could attempt a move towards 154.
FALLING WEDGE
USD/JPY
1H
There is a falling wedge emerging, usdjpy demands a more steady move as a signal of a breakout.
A falling wedge often spots a temporary interruption of an existing trend once price breaks through the resistance.
Usdjpy pushes higher to the 153 level as there is a chance for a upside correction.
BEARISH FLAG
USD/JPY
1H
As we can see a bearish flag is observed and the price is about to break out.
If price breaks through the support, the move could signal an extension in the downward direction.
Usdjpy violates bullish trendline towards 153.8.
PENNANT
USD/JPY
1H
There is a pennant appearing.
Once price breaks through the resistance, the move could indicate that prices are likely to keep rallying upward.
There is a chance of a bullish run to 155 while above 154.6 as uptrend may continue.
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