Open:
High:
Low:
Close:
RISING WEDGE
USD/JPY
1D
A rising wedge happens, the price expects a next bigger move as a verification of a breakout.
A rising wedge tends to be a specific pattern that can be used to predict a temporary interruption of an existing trend in case if price breaks out.
Usdjpy set to fall to 157.
RECTANGLE
USD/JPY
1H
It seems like a rectangle is detected and the price is breaking out.
In case if price breaks out, the move could signal a bearish price move.
There is a possibility of a further bearish run to the 157.5 mark on a break below 157.9.
ASCENDING CHANNEL
USD/JPY
1H
An ascending channel has been determined and usdjpy wants more push down for clear breakdown confirmation.
An ascending channel is believed to be a reliable formation that is angled up that is used to predict a next move down if price breaks through the support.
Usdjpy set to accelerate its decline towards the 158 mark amid usdjpy recedes from tops.
ASCENDING TRIANGLE
USD/JPY
1H
There is an ascending triangle observed and the price demands a more move as a verification of a breakout.
If price breaks out, the move could predict a move up.
Usdjpy is bullish and en route towards 159 as bulls look for entries.
ASCENDING TRIANGLE
USD/JPY
4H
An ascending triangle has been determined and usdjpy wants a further active bearish action as evidence of a breakdown.
In case if price collapses through the support line, the resulting move could indicate a bearish price move.
Usdjpy is at risk of resuming its decline towards 157.8 as the currency pair becomes bearish.
RISING WEDGE
USD/JPY
1H
There is a rising wedge spotted and the price is about to break out.
A rising wedge describes a specific price action pattern that indicates an upward trend is nearing its end in case if price breaks through the support.
Usdjpy to move downward towards 158.4.
DESCENDING CHANNEL
USD/JPY
1H
A descending channel has been diagnosed, the price is going to break out soon.
A descending channel represents a specific indicator that indicates a potential reversal in price action in case if price breaks above resistance.
Usdjpy embarks on a bullish correction to the 158.4 level on a breach of 158.3 as the currency pair sticks to the positive mood.
PENNANT
USD/JPY
4H
There is a pennant noticed, usdjpy needs a more move as an information of a breakout.
A pennant typically indicates a sharp rise in case if price breaks above resistance.
Usdjpy advances higher towards 158.4.
DESCENDING TRIANGLE
USD/JPY
1H
There is a descending triangle spotted, the price is ready to break out now.
A descending triangle denotes a useful bullish pattern that results in extending an uptrend once price breaks above resistance.
Usdjpy to enjoy a considerable gain towards 158.4 once above 158.2.
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