Open:
High:
Low:
Close:
PENNANT
USD/JPY
1H
There is a pennant emerging.
When price breaks through the resistance, the move could spot that prices are likely to keep rallying upward.
It is not ruled out that a bullish push up towards 158.8 will happen as the currency pair challenges 158.65 hurdle.
DESCENDING CHANNEL
USD/JPY
1H
We can see that a descending channel is close to being finished.
When price breaks above resistance, the resulting move could signal that prices move counter to the prevailing price trend.
A move to the 158.6 mark is likely on a breakout of the descending channel as bulls seeking a new high.
RECTANGLE
USD/JPY
1H
There is a rectangle taking place.
A rectangle is considered to be a useful price signal that signals that the price to go down if price breaks down.
Extra downside to the 158.4 mark is possible.
ASCENDING CHANNEL
USD/JPY
1H
An ascending channel happens and the price is ready to break out.
An ascending channel is a bearish price pattern that can be used to indicate that the price to go down in case if price breakdown occurs.
Usdjpy does not rule out a move towards the 158 level as usdjpy probes 158.6 hurdle.
ASCENDING CHANNEL
USD/JPY
4H
ASCENDING CHANNEL
USD/JPY
1H
It looks like usdjpy gives an ascending channel and usdjpy needs a further bigger move as a signal of a breakdown.
If price breaks out, the move could indicate a temporary interruption during a rising market.
There is a chance of a further move to 158.5.
ASCENDING CHANNEL
USD/JPY
1H
There is an ascending channel exposed, the price is breaking out.
An ascending channel suggests a specific chart pattern that is angled up that is used to signal a next move down in case if price breaks down.
It is likely that a rangebound towards 159 will occur on a downside break as outlook for usdjpy stays negative.
ASCENDING TRIANGLE
USD/JPY
1H
It looks like an ascending triangle is spotted and the price requests a next steady bearish impulse as proof of a breakout.
If price collapses through the support line, the resulting move could spot an extension in the downward direction.
It is possible that a bearish push down towards the 157.9 mark will happen while below 158.
SYMMETRICAL TRIANGLE
USD/JPY
1H
There is a symmetrical triangle poping up.
A symmetrical triangle describes a price action indicator that typically signals a move up if price breaks out to the the upside.
Usdjpy to peak towards 158.2 on a breakout of the symmetrical triangle.
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