There is an ascending channel arising and the price wants a next active impulse down as a verification of a breakout.
An ascending channel spots a move down once price collapses through the support line.
A bearish price action to the 156.4 mark is likely on a break below 156.5.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
Dec 18
We can see that a descending channel happens, USD/JPY wants a next steady impulse up to confirm descending channel breakout.
In case if price breaks above resistance, the move could signal a bullish move.
There is a possibility of a bullish continuation towards the 153.8 level on a breakout of the descending channel.
USD/JPY: Rising Wedge
USD/JPY,
1 hour
SHORT
Dec 30
It looks like a rising wedge occurs and USD/JPY requests a more strong move as evidence of a breakout.
A rising wedge often signals a bearish move in case if price breaks down.
USD/JPY to head to 157.6 on a break below 157.8.
USD/JPY: Ascending Channel
USD/JPY,
1 day
SHORT
6 days ago
An ascending channel is close to being done and usdjpy asks for an active move as a signal of a breakout.
If price breaks out, the move could predict price reversal after a pause.
A bearish price action to 154 is going to happen while below 156.
USD/JPY: Descending Triangle
USD/JPY,
1 hour
LONG
Sep 27
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: Ascending Channel
USD/JPY,
4 hours
SHORT
Jun 23
There is an ascending channel forming, USD/JPY requires a bigger correction to confirm a breakdown.
An ascending channel is believed to be a bearish price indicator that identifies a next move down when price breaks out.
It is not ruled out that a bearish push down towards the 145 level will take place.
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: Falling Wedge
USD/JPY,
1 hour
LONG
40 hours ago
There is a falling wedge emerging and usdjpy lacks a next strong impulse up for clear breakout confirmation.
A falling wedge represents a specific price action indicator that identifies a bullish move once price breaks above resistance.
It is not ruled out that a bullish run towards 155.8 will take place once above 155.6.
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.
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USD/JPY