We can see that an ascending channel is close to being done, USD/JPY needs a more active move as a verification of a breakout.
An ascending channel depicts a reliable bearish price pattern with an upward bias that often results in a bearish move when price breaks down.
It is possible that a rangebound towards the 144 mark will happen on a breach of 145.
USD/JPY: Bearish Flag
USD/JPY,
1 hour
SHORT
Feb 27
A bearish flag materializes.
In case if price collapses through the support line, the move could identify a next move down.
A bearish continuation towards the 150.6 mark looks likely on a breach of 150.64.
USD/JPY: Bullish Flag
USD/JPY,
4 hours
LONG
Apr 28
There is a bullish flag uncovered and USD/JPY requests a further bullish move as an indication of a breakout.
A bullish flag suggests a pattern that can be used to identify a bullish move if price breaks out.
USD/JPY to recover bullish potential to 134.5 on a breach of 134.2.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
Jan 11
There is an ascending channel exposed and the price is about to break out.
In case if price collapses through the support line, the resulting move could indicate that prices move counter to the prevailing price trend.
A bearish push down towards 145.2 is probable on a breakout of the ascending channel as risk reversal sheds bullish bias.
USD/JPY: Descending Triangle
USD/JPY,
1 hour
SHORT
Mar 9
There is a descending triangle developing.
Once price breakdown occurs, the resulting move could indicate the more likely potential of falling prices.
A bearish continuation to 136.6 is on the way once below 136.7.
USD/JPY: Rectangle
USD/JPY,
1 hour
LONG
Mar 29
A rectangle is close to being complete.
When price breaks out to the the upside, the resulting move could spot that the price to go long.
USD/JPY to have better chances of advancing towards the 131.8 level on a break above 131.65 as the currency pair is at a brink of a bullish breakout.
USD/JPY: Rising Wedge
USD/JPY,
1 day
SHORT
Feb 27
There is a rising wedge detected and USD/JPY needs bigger fall as an indication of a breakdown.
A rising wedge tends to be a compelling bearish price signal that can be used to signal a trend change to the downside if price breaks out to the the downside.
There is a chance of a rangebound to the 150 level while below 150.5.
USD/JPY: Rising Wedge
USD/JPY,
1 hour
SHORT
Aug 28
There is a rising wedge spotted.
A rising wedge spots a bearish price action when price collapses through the support line.
USD/JPY to continue lower to the 146.4 zone.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
Jan 9
There is a descending channel discovered.
A descending channel is believed to be a useful price signal that is used to identify a further move up when price breaks out to the the upside.
USD/JPY to jump to the 144.2 mark on a upside break as bulls look for entries.
USD/JPY: Falling Wedge
USD/JPY,
1 hour
LONG
Mar 28
A falling wedge happens and USD/JPY needs rise as an indication of a breakout.
A falling wedge is considered to be a useful price formation that often predicts that the price to go long if price breaks through the resistance.
USD/JPY to recover bullish potential to 131.2 on a breach of 131.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
Feb 6
An ascending channel is encountered and USD/JPY expects a further move for the certainty of breakout.
An ascending channel spots that the price to go down if price breaks out.
A bearish run to 148.4 stays on the cards.
USD/JPY: Bullish Flag
USD/JPY,
1 hour
LONG
Jun 21
There is a bullish flag arising, the price needs a bit more consolidation as an indication of a breakout.
A bullish flag is considered to be a specific chart indicator that indicates a further move up when price breaks above resistance.
A rangebound towards the 141.8 mark looks likely as USD/JPY probes 141.7 hurdle.
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USD/JPY