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Fence

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.

Fence

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

Fence

Н1: an absolutely identical picture.

Fence

Expectations: flat124.22-124.49

solutions:

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

Aleksey Panasenko
FreshForex Analyst
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