Open:
High:
Low:
Close:
CANAL DESCENDANT
USD/JPY
1D
We can see that a descending channel has been exposed, the price is ready to break out soon.
If price breaks above resistance, the resulting move could signal price reversal after a pause.
Usdjpy tests a move towards 160 as the currency pair becomes bullish.
TRIANGLE SYMÉTRIQUE
USD/JPY
1H
There is a symmetrical triangle coming out.
A symmetrical triangle is considered to be a bullish price action formation that indicates the bears have run out of steam if price breaks out to the the upside.
Usdjpy to push up towards the 157.2 mark on a breakout of the symmetrical triangle.
BISEAU DESCENDANT
USD/JPY
1H
A falling wedge is almost finished.
A falling wedge identifies a useful bullish formation that is angled down that often signals a move up if price breaks out to the the upside.
Usdjpy to move up to 157 once beyond 156.85.
CANAL ASCENDANT
USD/JPY
1H
It looks like an ascending channel is close to being done, the price is close to breaking out.
An ascending channel is a useful bearish price signal that is used to spot that the price to go short in case if price breaks out to the the downside.
Usdjpy set to accelerate its decline to the 156.8 zone.
BISEAU ASCENDANT
USD/JPY
1H
It seems like a rising wedge has been encountered.
A rising wedge identifies a specific bearish chart signal that can be used to indicate a bullish-to-bearish trend reversal once price breakdown occurs.
It is possible that a move to 156.5 will happen.
CANAL ASCENDANT
USD/JPY
1H
There is an ascending channel forming and usdjpy expects a next bigger move as an indication of a breakout.
An ascending channel indicates prices are likely to keep falling downward if price breaks down.
There is a probability of further decline towards 156.5 on a breach of 156.8.
BISEAU ASCENDANT
USD/JPY
1H
We can see that the price completes a rising wedge and the price is ready to break out now.
A rising wedge is considered to be a specific bearish price pattern that is used to indicate a sharp decline when price breaks out.
There is a probability of a bearish run towards the 155.6 mark on a breakout of the rising wedge.
TRIANGLE ASCENDANT
USD/JPY
1H
An ascending triangle turns up and the price is breaking out.
An ascending triangle tends to be a specific formation that signals a move up in case if price breaks out to the the upside.
It is not ruled out that a move towards 155.8 will be made on a upside break.
BISEAU ASCENDANT
USD/JPY
1H
There is a rising wedge determined, the price is breaking out.
In case if price breakdown occurs, the move could indicate a bullish-to-bearish trend reversal.
Usdjpy set to accelerate its decline towards 155 on a breakout of the rising wedge as the currency pair probes 155.4 hurdle.
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