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Flat in the corridor 124.17-124.55

18 August 2015, USD/JPY

The daily chart:a continued flat of the pair within the Bollinger envelope (123.36-125.00). ADX is passive, so there is no reason to change this trend.

Flat in the corridor 124.17-124.55

Н4: here we have a localized flat channel 124.17-124.55.

Flat in the corridor 124.17-124.55

Н1: similar situation. Increased activity of ADX, which is now corrected, allows to expect a surge up from 124.17.

Flat in the corridor 124.17-124.55

Expectations: touch of 124.17 and growth to to 124.55.

trading solutions:

1) Purchases from 124.17 to 124.55.

Aleksey Panasenko
Analyst of «FreshForex» company
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