USD/JPY (a 4-hour chart)
As it was expected, the price broke the support 97.00, still it could not reach the targeted point 96.40/20.
After testing the level 96.55 the pair returned to growth and is now at 97.30/40. Part of indicators indicate a change in sentiment, but the SS stay in oversold territory suggesting a possible fall.
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 resumption of the fall is still actual. If we see the price going above 97.60/70 we can say that the bulls are back to the market.