Open:
High:
Low:
Close:
ASCENDING TRIANGLE
USD/JPY
1H
Usdjpy develops an ascending triangle, the price is going to break out now.
Once price breaks out, the move could predict the bears have run out of steam.
Usdjpy to enjoy a considerable gain to the 160.4 level as bulls looking for profit.
DESCENDING CHANNEL
USD/JPY
1H
There is a descending channel revealed, the price is close to breaking out soon.
A descending channel is said to depict a compelling bullish price pattern that can be used to predict that the price to go up in case if price breaks through the resistance.
Usdjpy to look for a further push to the 160.2 level once above 160.2.
RISING WEDGE
USD/JPY
4H
There is a rising wedge forming.
A rising wedge indicates a bearish price move if price breaks down.
There is a chance of a bearish push down to the 160 mark as usdjpy becomes weaker.
RISING WEDGE
USD/JPY
1H
There is a rising wedge identified and the price is close to breaking out soon.
A rising wedge tends to be a technical chart formation that is angled up that spots a bearish price move if price breaks out.
Usdjpy to continue lower to 160.5 on a breakout of the rising wedge.
RISING WEDGE
USD/JPY
1H
A rising wedge is close to being done and the price demands a bigger move as proof of a breakout.
A rising wedge typically identifies prices are likely to keep falling downward when price breaks through the support.
It is not ruled out that a move towards 160.4 will happen.
RECTANGLE
USD/JPY
1D
It seems like a rectangle materializes.
A rectangle identifies a reliable price action signal that is used to predict that prices are likely to keep rallying upward once price breaks through the resistance.
Usdjpy to extend its advance to 161.
RISING WEDGE
USD/JPY
1H
It seems like the price forms a rising wedge, the price demands a next strong bearish continuation as evidence of a breakout.
A rising wedge describes a technical chart indicator that is used to identify a break in the price direction in case if price breaks below support.
Decline to the 160.3 mark is a possibility once below 160.4 as sell-off may continue.
ASCENDING TRIANGLE
USD/JPY
1H
An ascending triangle is very close to being completed and the price is about to break out soon.
An ascending triangle identifies a useful pattern that typically predicts that the price to go long once price breaks through the resistance.
There is a possibility of a bullish push up towards the 160.4 zone on a breach of 160.28 as weakness seen overdone.
DESCENDING TRIANGLE
USD/JPY
1H
We can see that a descending triangle forms.
A descending triangle typically identifies a move up once price breaks above resistance.
Usdjpy to have better chances of advancing to the 160.3 mark as the currency pair resumes the upside.
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