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.
USD/JPY: Bullish Rectangle
USD/JPY,
1 hour
LONG
Oct 3
A bullish rectangle appears, the price is about to break out soon.
A bullish rectangle tends to be a chart pattern that identifies extending an uptrend once price breaks out to the the upside.
A rangebound towards 150 is a possibility as weakness seen overdone.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
Sep 27
There is an ascending channel diagnosed and the price requests an active move as a clue of a breakout.
An ascending channel denotes a compelling price formation with an upward bias that can be used to signal that the price to go short if price collapses through the support line.
USD/JPY to increase bearish potential towards the 144 zone as USD/JPY becomes offered.
USD/JPY: Bullish Rectangle
USD/JPY,
1 hour
LONG
Dec 26
There is a bullish rectangle uncovered and USD/JPY requests a steady bullish move as an information of a breakout.
A bullish rectangle identifies a technical indicator that can be used to identify a next move up once price breaks above resistance.
USD/JPY to surge considerably to the 157.4 level.
USD/JPY: Pennant
USD/JPY,
1 hour
SHORT
Mar 4
There is a pennant poping up.
A pennant represents a compelling chart formation that is used to spot a sharp decline once price breaks down.
There is a probability of a rangebound towards the 150.4 zone as upside pressure alleviates.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
Jan 17
As we can see the price shows a descending channel and the price wants a further move for clear breakout confirmation.
A descending channel can be thought of as a specific formation that is angled down that typically identifies a bullish price action once price breaks through the resistance.
It is possible that a rangebound towards the 156 level will occur on a breach of 155.8 as downside pressure seen easing.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
Nov 15
We can see that an ascending channel emerges, the price expects a move for the certainty of breakdown.
An ascending channel can be thought of as a compelling chart formation that is angled up that can be used to signal a potential reversal in price action in case if price collapses through the support line.
A bearish price action to 155.8 is possible.
USD/JPY: Rising Wedge
USD/JPY,
1 hour
SHORT
May 10
It seems like the price completes a rising wedge and USD/JPY asks for a move as an indication of a breakout.
A rising wedge often predicts the more likely potential of falling prices in case if price breaks out to the the downside.
USD/JPY pulls back towards the 135 mark on a break below 135.2.
USD/JPY: Ascending Channel
USD/JPY,
1 day
SHORT
Jan 17
It seems like an ascending channel is observed and the price is about to break out.
An ascending channel identifies a specific pattern that has an upward slope that often results in a bearish price action when price breaks out.
It is not ruled out that a rangebound to 154 will occur while below 155 as the currency pair looks offered.
USD/JPY: Rectangle
USD/JPY,
4 hours
LONG
May 12
We can see that a rectangle has been found.
A rectangle often spots that the price will rally further when price breaks out.
USD/JPY aims to complete a retracement to 136 on a breach of 135.4 as the currency pair nears 135.4 hurdle.
USD/JPY: Rectangle
USD/JPY,
1 hour
SHORT
May 30
A rectangle is almost completed, the price is close to breaking out.
Once price breakdown occurs, the move could signal the bulls have run out of steam.
There is a possibility of a bearish move towards 140 once below 140.15 as USD/JPY failes to keep gains.
USD/JPY: Ascending Channel
USD/JPY,
4 hours
SHORT
Sep 29
An ascending channel is close to completion.
In case if price breaks below support, the resulting move could spot a move down.
USD/JPY opens door for a move towards the 148.5 mark while lower than 149.1.
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USD/JPY