We can see that an ascending triangle arises and the price breaks out.
An ascending triangle is said to depict a compelling signal that results in a bearish price action once price breakdown occurs.
USD/JPY to extend the fall towards the 141.8 zone.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
Feb 11
As we can see a descending channel comes out and the price is breaking out.
A descending channel predicts a bullish price action if price breaks through the resistance.
It is likely that a bullish push up to 152.2 will form as there is room for a upside correction.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
Aug 7
It seems like a descending channel has been revealed.
A descending channel is a reliable formation that is angled down that is used to predict a breakout higher once price breaks above resistance.
USD/JPY to extend its rebound to the 142.4 mark as the currency pair becomes bid.
USD/JPY: Rising Wedge
USD/JPY,
1 hour
SHORT
Jan 23
We can see that a rising wedge turns up.
A rising wedge depicts a specific price action signal that can be used to signal a bearish move if price breaks through the support.
There is a probability of a further bearish move to 156.2.
USD/JPY: Rising Wedge
USD/JPY,
4 hours
SHORT
Jul 11
There is a rising wedge emerging.
A rising wedge spots a bearish price move if price breaks out.
Corrective downside to 161.4 is about to happen on a breakout of the rising wedge as USD/JPY keeps the bid tone.
USD/JPY: Ascending Channel
USD/JPY,
4 hours
SHORT
May 30
There is an ascending channel arising and the price is about to break out soon.
When price breakdown occurs, the resulting move could indicate a further move down.
There is a possibility of a move towards 156.5 on a breakout of the ascending channel.
USD/JPY: Rectangle
USD/JPY,
1 hour
LONG
Oct 2
It seems like a rectangle has been observed.
A rectangle is said to depict a useful bullish price action indicator that typically predicts the bears have run out of steam if price breaks out to the the upside.
USD/JPY turns bullish to 144.6.
USD/JPY: Rectangle
USD/JPY,
1 hour
SHORT
Mar 3
It seems like a rectangle is nearing completion and the price requires a bigger move as an information of a breakout.
A rectangle signals an extension in the downward direction in case if price breaks through the support.
USD/JPY to move downward towards the 150 zone while lower than 150.05.
USD/JPY: Falling Wedge
USD/JPY,
1 hour
LONG
Jan 22
There is a falling wedge coming out.
In case if price breaks out to the the upside, the resulting move could predict a further move up.
A bullish move towards the 148.2 zone looks possible.
USD/JPY: Descending Triangle
USD/JPY,
1 hour
SHORT
Jan 30
There is a descending triangle developing.
A descending triangle typically predicts a next move down when price breakdown occurs.
USD/JPY to head to the 154.8 level.
USD/JPY: Bullish Flag
USD/JPY,
4 hours
LONG
Jun 7
As we can see the price shapes a bullish flag and the price is ready to break out.
A bullish flag depicts a reliable bullish chart formation that has a downward slope that is used to spot a bullish price move if price breaks above resistance.
There is a possibility of a further move to the 157.5 mark on a break above 157.2.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
Mar 28
USD/JPY shows an ascending channel.
An ascending channel suggests a useful bearish price formation with an upward bias that is used to spot that the price to go down if price breaks out to the the downside.
USD/JPY violates bullish trendline towards 150.6.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
USD/JPY