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19 August 2015, USD/JPY

The daily chart: accumulation continued in the range of the Bollinger envelopes (12336-125.00), which was predictable. Consolidation has been lasting for five days, so we expect that in coming days volumes will be distributed. ADX status(very sluggish) says that it will not happen today.


Н4: a tapering flat within the frames 124.22-124.49.


Н1: an absolutely identical picture.


Expectations: flat124.22-124.49


1) "Fence". We shall skip this day.

Aleksey Panasenko
FreshForex Analyst
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