Open:
High:
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Close:
ASCENDING TRIANGLE
USD/JPY
1H
An ascending triangle forms and the price breaks out soon.
An ascending triangle denotes a bullish price action signal that indicates an extension in the upward direction in case if price breaks out to the the upside.
It is possible that a bullish run to the 159.5 mark will occur on a break above 159.38.
RISING WEDGE
USD/JPY
1H
A rising wedge appears.
A rising wedge can be thought of as a useful signal that predicts price heading to a new direction in case if price breaks through the support.
Usdjpy to prolong the corrective phase to 159.
ASCENDING CHANNEL
USD/JPY
1H
The price shows an ascending channel, usdjpy asks for a bigger move as a verification of a breakdown.
An ascending channel denotes a reliable chart indicator that is used to indicate a further move down if price breaks down.
Usdjpy set to accelerate its decline towards 159.2 on a breakout of the ascending channel.
ASCENDING CHANNEL
USD/JPY
1H
An ascending channel is detected, the price is going to break out.
An ascending channel identifies a price pattern that can be used to identify an upward trend is nearing its end if price breakdown occurs.
Usdjpy risks a move to the 158.5 zone on a breakout of the ascending channel as usdjpy failes to keep gains.
RECTANGLE
USD/JPY
4H
There is a rectangle coming out.
A rectangle often spots a next move up if price breaks through the resistance.
There is a chance of a rangebound towards the 159 level.
ASCENDING CHANNEL
USD/JPY
1H
There is an ascending channel materializing, the price is breaking out.
If price breaks below support, the move could identify a move down.
A rangebound towards the 158.2 mark is a possibility.
ASCENDING CHANNEL
USD/JPY
1H
We can see that an ascending channel takes place, the price is ready to break out.
An ascending channel is considered to be a specific bearish price signal that is used to predict a tendency to break in the opposite direction once price breakdown occurs.
Usdjpy risks further decline towards 158.2 once below 158.35.
ASCENDING TRIANGLE
USD/JPY
1H
We can see that an ascending triangle arises and the price is close to breaking out.
When price breaks above resistance, the move could signal a bullish move.
There is a possibility of a further bullish push up towards 157.8 as door open for a test of 157.8.
BULLISH FLAG
USD/JPY
1H
It seems like the price shapes a bullish flag.
A bullish flag can be thought of as a compelling bullish price signal that can be used to signal an extension in the upward direction once price breaks out.
Usdjpy to maintain its positive tone towards the 157.8 mark once beyond 157.7.
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