USD/JPY develops a falling wedge.
A falling wedge tends to be a pattern that is angled down that can be used to identify a downward trend is nearing its end once price breaks through the resistance.
USD/JPY to peak towards the 154.5 level as bulls seeking a new high.
USD/JPY: Descending Channel
USD/JPY,
4 hours
LONG
Apr 8
USD/JPY: Pennant
USD/JPY,
1 hour
SHORT
Aug 23
There is a pennant distinguished.
A pennant often identifies the more likely potential of falling prices when price collapses through the support line.
USD/JPY set to accelerate its decline towards 145.4 while below 145.6.
USD/JPY: Descending Triangle
USD/JPY,
1 hour
LONG
May 24
It seems like a descending triangle materializes and the price requires a next bigger bullish impulse for the certainty of breakout.
A descending triangle tends to be a reliable bullish chart pattern that results in a change in price direction when price breaks above resistance.
It is not ruled out that a rangebound to 138.7 will occur on a break above 138.7.
USD/JPY: Ascending Triangle
USD/JPY,
1 hour
SHORT
Sep 7
It looks like an ascending triangle is exposed.
An ascending triangle typically indicates a sharp decline once price breakdown occurs.
It is likely that a bearish continuation to 147.2 will occur as the currency pair nears 147.4 hurdle.
USD/JPY: Symmetrical Triangle
USD/JPY,
1 hour
SHORT
Sep 28
The price establishes a symmetrical triangle.
A symmetrical triangle is believed to be a pattern that is used to signal that the price to go down in case if price breakdown occurs.
USD/JPY looks for a setback to the 149.2 zone once below 149.25.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
Jun 30
An ascending channel materializes and the price breaks out.
An ascending channel often predicts a further move down once price collapses through the support line.
It is possible that decline to 144 will happen once below 144.5 as indicators favor bears.
USD/JPY: Pennant
USD/JPY,
1 hour
LONG
Feb 2
There is a pennant observed, the price asks for an active move as an indication of a breakout.
Once price breaks out, the resulting move could indicate that the price will rally further.
It is possible that a bullish move to 146.8 will take place as outlook for the currency pair stays positive.
USD/JPY: Bullish Rectangle
USD/JPY,
1 hour
LONG
Oct 3
A bullish rectangle appears, the price is about to break out soon.
A bullish rectangle tends to be a chart pattern that identifies extending an uptrend once price breaks out to the the upside.
A rangebound towards 150 is a possibility as weakness seen overdone.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
Sep 27
There is an ascending channel diagnosed and the price requests an active move as a clue of a breakout.
An ascending channel denotes a compelling price formation with an upward bias that can be used to signal that the price to go short if price collapses through the support line.
USD/JPY to increase bearish potential towards the 144 zone as USD/JPY becomes offered.
USD/JPY: Pennant
USD/JPY,
1 hour
SHORT
Mar 4
There is a pennant poping up.
A pennant represents a compelling chart formation that is used to spot a sharp decline once price breaks down.
There is a probability of a rangebound towards the 150.4 zone as upside pressure alleviates.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
Nov 15
We can see that an ascending channel emerges, the price expects a move for the certainty of breakdown.
An ascending channel can be thought of as a compelling chart formation that is angled up that can be used to signal a potential reversal in price action in case if price collapses through the support line.
A bearish price action to 155.8 is possible.
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USD/JPY