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 […]
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 […]
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 […]
USD/JPY is approaching the support line of a Pennant. It has touched this line numerous times in the last 7 days. If it tests this line again, it should do so in the next 2 days. Did you know that our social media feeds are updated only 3x per day, and don’t look at short […]
USD/JPY is moving towards the resistance line of a Falling Wedge. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 22 hours and may test it again within […]
USD/JPY is approaching the support line of a Triangle. It has touched this line numerous times in the last 3 days. If it tests this line again, it should do so in the next 13 hours. Did you know that our social media feeds are updated only 3x per day, and don’t look at short […]
USD/JPY is moving towards the resistance line of a Rising Wedge. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 3 days and may test it again within […]
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 […]
USD/JPY has broken through a support line of a Triangle and suggests a possible movement to 108.3071 within the next 2 days. 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 […]
USD/JPY is heading towards the resistance line of a Rising Wedge. If this movement continues, we expect the price of USD/JPY to test 108.8980 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up […]
