Continue to accumulate volumes | 24 September 2015

24 September 2015, USD/JPY

The daily chart: the price continues to accumulate volumes in a narrow range and, apparently, it is being slowly bought for 5 days in run. However, the struture is downward. Clarity will be only after exit to the first local top (121.00) either after the breakdown of the pinbar nose (119.05)

H1 chart: non-directional pattern, with a succession of highs and lows. To crystallize a little bullish structure, buyers need not to lose support of 119.69.

Scenario:day is likely to be spent in continuation of the overall trend - accumulation of the volume in the previous range.

solutions: 1) Skip the day.

Aleksey Panasenko
FreshForex Analyst
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