An ascending channel has been discovered, the price is ready to break out.
An ascending channel identifies a compelling bearish chart pattern that is angled up that can be used to predict a temporary interruption of an existing trend once price breakdown occurs.
USD/JPY targets a move to the 134 zone while below 134.2.
USD/JPY: Descending Triangle
USD/JPY,
1 hour
LONG
Mar 12
A descending triangle takes place and USD/JPY requests a further active move as a verification of a breakout.
A descending triangle typically spots a bullish move in case if price breaks out to the the upside.
USD/JPY now looks to 147.2 while above 146.95 as indicators turn bullish.
USD/JPY: Rectangle
USD/JPY,
4 hours
SHORT
Nov 17
We can see that USD/JPY gives a rectangle, the price is about to break out now.
If price collapses through the support line, the resulting move could identify prices are likely to keep falling downward.
USD/JPY turns lower towards the 150 level on a downside break.
USD/JPY: Rising Wedge
USD/JPY,
1 hour
SHORT
Mar 22
There is a rising wedge emerging.
Once price breaks below support, the move could spot a bearish move.
USD/JPY risks suffer setback towards 132.4.
USD/JPY: Descending Triangle
USD/JPY,
1 hour
SHORT
Jul 7
A descending triangle turns up and the price demands a more move as a verification of a breakout.
A descending triangle predicts a next move down when price breaks down.
There is a possibility of a move towards 143.4.
USD/JPY: Ascending Channel
USD/JPY,
4 hours
SHORT
Jul 25
We can see that an ascending channel is very close to being finished, the price is breaking out.
An ascending channel typically results in a tendency to break in the opposite direction once price breaks out to the the downside.
USD/JPY to nosedive to the 140 zone on impulse below 141.2.
USD/JPY: Ascending Triangle
USD/JPY,
4 hours
LONG
Jan 3
There is an ascending triangle materializing, USD/JPY wants a further bullish move as proof of a breakout.
An ascending triangle predicts an extension in the upward direction if price breaks out to the the upside.
USD/JPY could attempt a move to 143 once beyond 142.7.
USD/JPY: Rectangle
USD/JPY,
4 hours
LONG
Jun 15
There is a rectangle diagnosed and USD/JPY requires a next active move as proof of a breakout.
A rectangle identifies a bullish move when price breaks above resistance.
There is a probability of a bullish push up towards 140.4.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
4 days ago
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
Feb 7
A descending channel is close to being done, USD/JPY requests a steady bullish impulse for the certainty of breakout.
A descending channel identifies that prices are likely to keep rallying upward when price breaks above resistance.
USD/JPY to move upward to 148.2.
USD/JPY: Ascending Triangle
USD/JPY,
1 hour
LONG
Aug 9
There is an ascending triangle appearing.
Once price breaks through the resistance, the resulting move could indicate extending an uptrend.
It is likely that a further bullish push up to the 143.5 zone will happen.
USD/JPY: Bearish Flag
USD/JPY,
1 hour
SHORT
Mar 17
As we can see a bearish flag materializes.
A bearish flag tends to be a useful price signal that is used to indicate that the price to go down when price breakdown occurs.
There is a chance of a further rangebound to 132 on a breach of 132.6 as the mood may get worse.
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USD/JPY