By: Dima Chernovolov USD/JPY continues to rise inside the 4-hour Up Channel chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Up Channel at the 4-bar level – which is the result of the slow Initial Trend (1 bar), below-average Uniformity (4 bars) and medium Clarity (5 bars). USD/JPY is […]

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By: Dima Chernovolov USD/JPY continues to rise inside the well-formed 15-minute Rising Wedge chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Rising Wedge at the 8-bar level – which is the result of the strong Initial Trend (8 bars), and significant Uniformity and Clarity (7 bars). USD/JPY is expected […]

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By: Dima Chernovolov USD/JPY continues to rise inside the 15-minute Up Channel chart pattern which was identified recently by Autochartist. Autochartist rates the quality of this Up Channel at the 3-bar level – which is the result of the slow Initial Trend (1 bar), medium Uniformity (6 bars) and lower Clarity (3 bars). USD/JPY is […]

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USD/JPY has broken through the support line of a Triangle. It has touched this line at least twice in the last 12 days. This breakout indicates a potential move to 108.4437 within the next 2 days. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the […]

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USD/JPY has broken through the support line of a Rising Wedge. It has touched this line at least twice in the last 10 days. This breakout indicates a potential move to 108.5965 within the next 2 days. Because we have seen it retrace from this positions in the past, one should wait for confirmation of […]

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USD/JPY has broken through a resistance line of a Flag and suggests a possible movement to 108.8439 within the next 15 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement […]

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