A descending channel is nearing completion.
A descending channel identifies reversals in downtrends in case if price breaks through the resistance.
USD/JPY looks north towards the 150 zone on a breach of 149.95.
USD/JPY: Descending Triangle
USD/JPY,
1 hour
LONG
Mar 7
As we can see a descending triangle materializes and USD/JPY needs a bit more consolidation to confirm descending triangle breakout.
Once price breaks out to the the upside, the move could spot a further move up.
A further bullish price action towards 136.2 is likely.
USD/JPY: Rectangle
USD/JPY,
1 day
SHORT
Nov 29
It looks like a rectangle has been uncovered and USD/JPY needs a bigger correction to confirm a breakout.
A rectangle often results in the more likely potential of falling prices in case if price breakdown occurs.
USD/JPY could attempt a move towards 147 on impulse below 148.2.
USD/JPY: Ascending Channel
USD/JPY,
1 day
SHORT
Nov 18
An ascending channel is recognized.
An ascending channel depicts a technical chart signal that typically predicts price heading to a new direction once price breaks through the support.
USD/JPY targets a move towards the 148 zone on impulse below 150 amid rising bets for the move.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
May 28
There is a descending channel discovered, the price breaks out now.
A descending channel is said to depict a useful bullish formation that is used to spot a bullish price action if price breaks out to the the upside.
A bullish continuation to 157 is not ruled out on impulse above 156.9.
USD/JPY: Descending Triangle
USD/JPY,
1 hour
LONG
Oct 2
There is a descending triangle recognized and the price requires a more bullish continuation as proof of a breakout.
In case if price breaks out, the resulting move could spot a further move up.
USD/JPY could attempt a move to 144 as there is a chance for a upside correction.
USD/JPY: Rising Wedge
USD/JPY,
1 hour
SHORT
Mar 14
There is a rising wedge happening.
A rising wedge results in prices are likely to keep falling downward once price breakdown occurs.
It is not ruled out that a bearish run towards the 134 mark will be made as there is room for a downside correction.
USD/JPY: Bullish Flag
USD/JPY,
1 hour
LONG
Jan 24
There is a bullish flag noticed.
If price breaks through the resistance, the resulting move could predict that prices are likely to keep rallying upward.
It is likely that a bullish push up to 156.4 will form once above 156.25.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
Nov 14
There is an ascending channel materializing.
An ascending channel is believed to be a compelling bearish chart signal that can be used to spot an upward trend is about to reverse into an downward trend when price breaks through the support.
USD/JPY could extend its slump towards 151.4.
USD/JPY: Rectangle
USD/JPY,
1 day
SHORT
Jan 31
A rectangle turns up.
A rectangle results in the bulls have run out of steam when price breaks down.
A bearish continuation towards 153 is likely to happen on a downside break.
USD/JPY: Rising Wedge
USD/JPY,
1 hour
SHORT
Oct 31
A rising wedge is uncovered and USD/JPY requires a bearish continuation as proof of a breakdown.
A rising wedge is a bearish price formation that is used to spot price heading to a new direction in case if price breaks through the support.
USD/JPY looks for a setback to the 153 level.
USD/JPY: Descending Channel
USD/JPY,
4 hours
LONG
Apr 8
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