Open:
High:
Low:
Close:
SYMMETRICAL TRIANGLE
USD/JPY
1H
Usdjpy develops a symmetrical triangle, the price demands a move as a verification of a breakout.
A symmetrical triangle typically spots an extension in the upward direction when price breaks through the resistance.
There is a chance of a bullish push up to the 161.4 level on a break above 161.3.
ASCENDING CHANNEL
USD/JPY
1H
Usdjpy establishes an ascending channel and usdjpy demands an active move as evidence of a breakdown.
When price breaks through the support, the resulting move could predict reversals in uptrends.
Usdjpy embarks on a bearish correction towards 160.5.
DESCENDING CHANNEL
USD/JPY
4H
A descending channel is revealed.
A descending channel is considered to be a reliable bullish formation with a downward bias that can be used to identify that the price to go up in case if price breaks out.
It is possible that a rangebound to 160.6 will form once above 160.5.
FALLING WEDGE
USD/JPY
1H
A falling wedge is very close to being completed.
When price breaks out to the the upside, the move could indicate a temporary interruption during a falling market.
A further bullish price action to the 160.4 mark looks possible on a breach of 160.32 as minor hurdle remains at 160.32.
ASCENDING CHANNEL
USD/JPY
1H
There is an ascending channel poping up.
An ascending channel denotes a specific bearish indicator that can be used to indicate prices are likely to keep falling downward once price breaks down.
Usdjpy to slide to 160.1 on impulse below 160.22.
ASCENDING CHANNEL
USD/JPY
1H
It seems like an ascending channel arises, the price calls for a bigger correction as evidence of a breakout.
In case if price breaks out, the resulting move could identify that the price to go short.
Usdjpy points to the downside towards 160.2 as extra rangebound not ruled out.
ASCENDING TRIANGLE
USD/JPY
1H
It looks like the price composes an ascending triangle and the price is close to breaking out soon.
An ascending triangle tends to be a specific bullish price action pattern that can be used to identify that prices are likely to keep rallying upward when price breaks through the resistance.
A further bullish continuation towards the 160.5 zone is going to happen once beyond 160.4.
DESCENDING CHANNEL
USD/JPY
4H
We can see that a descending channel is close to being done.
Once price breaks above resistance, the resulting move could signal a further move up.
It is not ruled out that a bullish move to 160.6 will take place.
RISING WEDGE
USD/JPY
1H
A rising wedge pops up and usdjpy wants a next steady bearish continuation to confirm a breakdown.
A rising wedge denotes a technical indicator that is used to signal reversals in uptrends if price breaks below support.
Usdjpy to continue lower towards 160.1 on a breach of 160.2 as extra rangebound not ruled out.
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