There is a descending triangle recognized and the price requires a more bullish continuation as proof of a breakout.
In case if price breaks out, the resulting move could spot a further move up.
USD/JPY could attempt a move to 144 as there is a chance for a upside correction.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
Nov 14
There is an ascending channel materializing.
An ascending channel is believed to be a compelling bearish chart signal that can be used to spot an upward trend is about to reverse into an downward trend when price breaks through the support.
USD/JPY could extend its slump towards 151.4.
USD/JPY: Bullish Flag
USD/JPY,
1 hour
LONG
Jan 24
There is a bullish flag noticed.
If price breaks through the resistance, the resulting move could predict that prices are likely to keep rallying upward.
It is likely that a bullish push up to 156.4 will form once above 156.25.
USD/JPY: Rising Wedge
USD/JPY,
1 hour
SHORT
Oct 31
A rising wedge is uncovered and USD/JPY requires a bearish continuation as proof of a breakdown.
A rising wedge is a bearish price formation that is used to spot price heading to a new direction in case if price breaks through the support.
USD/JPY looks for a setback to the 153 level.
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: 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 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: 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: Ascending Channel
USD/JPY,
1 day
SHORT
Jul 18
An ascending channel occurs and the price is ready to break out now.
If price breaks out, the resulting move could identify a pause in an uptrending market.
A bearish run towards the 156 level looks likely on a breach of 157.5.
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USD/JPY