USD/JPY (a 4-hour chart)
Risk appetite remains erratic, while Washington continues to bicker. The currency changed a little with the opening in the Far East trading session, the yen fell and commodity currencies rose on Friday. Short-term outlook for the pair is a sideways trend. The medium-term outlook is slightly bullish.
Technically, there is no change from Friday, but below the minimum 96.95, reduction to a minimum 28 August at 96.81 is expected and possibly to the 200 DMA at 96.25 or even to a strong trend line of support which is now 95.70.
Tenkan-Sen and Kijun-Sen are crossed in a descending "dead cross". Kijun-sen is moving in a horizontal direction parallel to the cloud, and the Tenkan-Sen continues to grow. The price is below the cloud. The Cloud is growing.
Bollinger Bands indicates that the downward movement continues, the bands widen and a directed downwards.
MACD is in a negative area.
The 97.00 level of support appears has been an insurmountable obstacle for three days. Another retest level that is happening now can be accompanied by a good bounce up to the resistance level 97.60. And if at around 97.60 the upward trend does not stop, we may expect its approach to the descending trend line or resistance level 98.00.