USD/JPY (a 4-hour chart)
The Japanese yen, as well as other reserve currencies, spent most of last week in a sideways range against the dollar, and fell the last trading day. The causes of these dynamics were Non Farm Payrolls in the States, and then its implementation that marked good results. There was no news deserving our attention still it confirmed the statements on the economic situation improvement. Leading indicators rose, but the monetary base has demonstrated slower annual growth.
There is a strong and confirmed buy signal, as the chart is consolidated below Chinkou span, and the Ichimoku cloud is below the price. Tenkan-sen and Kijun-sen are directed upwards. Chinkou Span is below the price, the cloud is growing. Tenkan-Sen and Kijun-sen are directed upwards.
Bollinger Bands indicates the change of the trend being directed. The bands are widening.
The MACD is in a positive area right now. The histogram is decreasing.
The break of 99.00 was at a high level which will allow the price to go up to the sloping trendline 99.60 - 99.70 in the next few days which is serving as the upper base of the symmetrical triangle.