It looks like a descending channel takes place, the price requests a bit more consolidation as a clue of a breakout.
A descending channel often results in an extension in the upward direction if price breaks out to the the upside.
It is not ruled out that a bullish price action to the 79000 mark will be made.
上升三角形
USD/JPY1H
As we can see an ascending triangle is nearing completion, the price is going to break out soon.
An ascending triangle is believed to be a reliable pattern that is used to spot that the price to go short once price breaks down.
Usdjpy set to plunge to 153.4 on impulse below 153.6.
上升通道
黄金XAU/USD1H
As we can see an ascending channel has been recognized, the price demands further bigger fall to confirm a breakout.
An ascending channel results in the more likely potential of falling prices if price breaks through the support.
There is a probability of a move to 4360 on a break below 4380.
下降通道
USD/JPY1H
A descending channel is almost finished, usdjpy requests a strong bullish action as an indication of a breakout.
If price breaks above resistance, the move could identify a next move up.
Usdjpy to accomodate to 154.5.
下降通道
以太坊ETH/USD1H
A descending channel is observed and the price breaks out.
A descending channel provides a specific price action indicator that indicates a tendency to break in the opposite direction if price breaks through the resistance.
Ethusd to push up to 2510 as downside pressure mitigates.
三角旗形
黄金XAU/USD4H
A pennant forms, the price breaks out.
A pennant indicates prices are likely to keep falling downward if price breaks through the support.
Gold risks potential downside to 4350 once below 4410 as the commodity is at a brink of a bearish breakout.
看跌旗形
黄金XAU/USD1H
There is a bearish flag taking place.
A bearish flag is believed to be a technical formation that is used to spot a move down once price collapses through the support line.
There is a probability of corrective downside towards the 4400 mark.
下降通道
EUR/USD1H
A descending channel forms and the price requests push up as an indication of a breakout.
A descending channel tends to be a bullish formation that is used to indicate that the price to go up when price breaks out to the the upside.
A rangebound to the 1.1635 mark is going to happen on a breach of 1.1631 as the currency pair loses bearish momentum.
下降通道
USD/JPY1H
There is a descending channel discovered.
A descending channel provides a technical price action pattern that has a downward slope that identifies that prices are likely to keep rallying upward once price breaks out.
Usdjpy to extend its rebound to 154.5.