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Preparing for the impulse

08 December 2015, USD/JPY

Daily Chart: ADX is gaining momentum, but it is still far from the trendline area. Perhaps, the pair will continue to consolidate prior to the impulse distribution, which is goint to be soon.

Preparing for the impulse

Н4: heavy IB from the middle band and the upper Bollinger band rushed to 123.75. This northern karma.

Preparing for the impulse

Н1: here the pair is squeezed inside the envelopes (123.20-123.45), once the price exits this corridor, we'll see the impulse. Because the day and H1-ADX are inactive, is not necessarily going to happen today.

Preparing for the impulse

Expectations: The main scenario - flat 123.20 - 123.45 The alternative scenario - growth to 123.75 and 124.00.

Trading solutions: to buy to 123.75 and 124.00

Aleksey Panasenko
Analyst of «FreshForex» company
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