It seems like a rectangle has been observed.
A rectangle is said to depict a useful bullish price action indicator that typically predicts the bears have run out of steam if price breaks out to the the upside.
USD/JPY turns bullish to 144.6.
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.
USD/JPY: Descending Triangle
USD/JPY,
1 hour
SHORT
Jan 30
There is a descending triangle developing.
A descending triangle typically predicts a next move down when price breakdown occurs.
USD/JPY to head to the 154.8 level.
USD/JPY: Falling Wedge
USD/JPY,
1 hour
LONG
Jan 22
There is a falling wedge coming out.
In case if price breaks out to the the upside, the resulting move could predict a further move up.
A bullish move towards the 148.2 zone looks possible.
USD/JPY: Bullish Flag
USD/JPY,
4 hours
LONG
Jun 7
As we can see the price shapes a bullish flag and the price is ready to break out.
A bullish flag depicts a reliable bullish chart formation that has a downward slope that is used to spot a bullish price move if price breaks above resistance.
There is a possibility of a further move to the 157.5 mark on a break above 157.2.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
Mar 28
USD/JPY shows an ascending channel.
An ascending channel suggests a useful bearish price formation with an upward bias that is used to spot that the price to go down if price breaks out to the the downside.
USD/JPY violates bullish trendline towards 150.6.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
Oct 25
A descending channel is nearing completion.
A descending channel identifies reversals in downtrends in case if price breaks through the resistance.
USD/JPY looks north towards the 150 zone on a breach of 149.95.
USD/JPY: Descending Triangle
USD/JPY,
1 hour
LONG
Mar 7
As we can see a descending triangle materializes and USD/JPY needs a bit more consolidation to confirm descending triangle breakout.
Once price breaks out to the the upside, the move could spot a further move up.
A further bullish price action towards 136.2 is likely.
USD/JPY: Ascending Channel
USD/JPY,
1 day
SHORT
Nov 18
An ascending channel is recognized.
An ascending channel depicts a technical chart signal that typically predicts price heading to a new direction once price breaks through the support.
USD/JPY targets a move towards the 148 zone on impulse below 150 amid rising bets for the move.
USD/JPY: Rectangle
USD/JPY,
1 day
SHORT
Nov 29
It looks like a rectangle has been uncovered and USD/JPY needs a bigger correction to confirm a breakout.
A rectangle often results in the more likely potential of falling prices in case if price breakdown occurs.
USD/JPY could attempt a move towards 147 on impulse below 148.2.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
May 28
There is a descending channel discovered, the price breaks out now.
A descending channel is said to depict a useful bullish formation that is used to spot a bullish price action if price breaks out to the the upside.
A bullish continuation to 157 is not ruled out on impulse above 156.9.
USD/JPY: Descending Triangle
USD/JPY,
1 hour
LONG
Oct 2
There is a descending triangle recognized and the price requires a more bullish continuation as proof of a breakout.
In case if price breaks out, the resulting move could spot a further move up.
USD/JPY could attempt a move to 144 as there is a chance for a upside correction.
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USD/JPY