As we can see an ascending channel appears, USD/JPY expects a further steady impulse down to confirm a breakout.
An ascending channel describes a specific bearish price action pattern that has an upward slope that indicates a next move down when price breaks out.
It is not ruled out that a bearish continuation to the 150.5 mark will happen as the currency pair is at a brink of a bearish breakout.
USD/JPY: Pennant
USD/JPY,
4 hours
SHORT
Mar 5
A pennant forms, the price requests a strong bearish continuation for the certainty of breakdown.
A pennant describes a technical chart indicator that can be used to identify the bulls have run out of steam if price breaks down.
USD/JPY set to lose more ground to 150.
USD/JPY: Bearish Flag
USD/JPY,
1 hour
SHORT
Mar 15
We can see that a bearish flag is close to being complete and the price is going to break out.
A bearish flag is said to depict a bearish signal that is used to indicate a pause in an uptrending market once price breaks out to the the downside.
USD/JPY targets a move to 132.5 as the currency pair becomes capped.
USD/JPY: Rising Wedge
USD/JPY,
1 hour
SHORT
Feb 6
It seems like a rising wedge takes place.
A rising wedge represents a chart signal that typically predicts that the price to go short once price breaks out.
USD/JPY risks suffer setback to the 148.4 mark.
USD/JPY: Descending Channel
USD/JPY,
4 hours
LONG
Jan 3
It looks like a descending channel emerges, the price is going to break out.
A descending channel often spots that the price to go up if price breaks out to the the upside.
There is a probability of a bullish run towards the 142.5 zone on a breach of 142.2 as door open for a test of 142.5.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
Jun 27
There is a descending channel taking place and the price is close to breaking out.
A descending channel identifies a compelling formation that signals extending an uptrend if price breaks out.
There is a possibility of a bullish push up to 143.6.
USD/JPY: Descending Channel
USD/JPY,
4 hours
LONG
Sep 22
A descending channel turns up and USD/JPY requests a steady move for the certainty of breakout.
A descending channel depicts a chart pattern that typically predicts that the price to go long once price breaks out to the the upside.
A bullish push up towards the 148.6 level is possible while above 148.35.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
Mar 10
It seems like an ascending channel is observed.
An ascending channel can be thought of as an indicator that results in a bearish price move if price breaks down.
There is a chance of a bearish price action to 135.8.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
Sep 3
We can see that an ascending channel pops up and the price wants a steady impulse down as a clue of a breakdown.
An ascending channel suggests a price pattern that can be used to predict a further move down when price breaks through the support.
A bearish run towards the 146.6 zone stays on the cards once below 146.7.
USD/JPY: Pennant
USD/JPY,
1 hour
SHORT
Oct 9
There is a pennant identified.
A pennant denotes a compelling bearish price action indicator that is used to spot a bearish price action in case if price breaks out.
USD/JPY set to accelerate its decline towards 149.
USD/JPY: Falling Wedge
USD/JPY,
4 hours
LONG
Aug 24
There is a falling wedge distinguished and the price calls for a move to confirm a breakout.
A falling wedge typically predicts a bullish move once price breaks out to the the upside.
USD/JPY challenges a move to 146.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
Jan 5
We can see that an ascending channel is close to being done, USD/JPY needs a more active move as a verification of a breakout.
An ascending channel depicts a reliable bearish price pattern with an upward bias that often results in a bearish move when price breaks down.
It is possible that a rangebound towards the 144 mark will happen on a breach of 145.
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USD/JPY