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: 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: Rectangle
USD/JPY,
1 hour
LONG
Mar 11
There is a rectangle detected and USD/JPY asks for a next active bullish move for the certainty of breakout.
Once price breaks out, the move could indicate an extension in the upward direction.
USD/JPY now looks to the 147.8 zone on impulse above 147.75 as bulls look for entries.
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.
USD/JPY: Ascending Triangle
USD/JPY,
1 hour
SHORT
Jun 19
We can see that an ascending triangle arises and the price breaks out.
An ascending triangle is said to depict a compelling signal that results in a bearish price action once price breakdown occurs.
USD/JPY to extend the fall towards the 141.8 zone.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
Feb 11
As we can see a descending channel comes out and the price is breaking out.
A descending channel predicts a bullish price action if price breaks through the resistance.
It is likely that a bullish push up to 152.2 will form as there is room for a upside correction.
USD/JPY: Rising Wedge
USD/JPY,
1 hour
SHORT
Jan 23
We can see that a rising wedge turns up.
A rising wedge depicts a specific price action signal that can be used to signal a bearish move if price breaks through the support.
There is a probability of a further bearish move to 156.2.
USD/JPY: Rising Wedge
USD/JPY,
4 hours
SHORT
Jul 11
There is a rising wedge emerging.
A rising wedge spots a bearish price move if price breaks out.
Corrective downside to 161.4 is about to happen on a breakout of the rising wedge as USD/JPY keeps the bid tone.
USD/JPY: Ascending Channel
USD/JPY,
4 hours
SHORT
May 30
There is an ascending channel arising and the price is about to break out soon.
When price breakdown occurs, the resulting move could indicate a further move down.
There is a possibility of a move towards 156.5 on a breakout of the ascending channel.
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USD/JPY