USD/JPY (a 4-hour chart)
Yen started to recover its lost positions against the U.S. dollar after the opposition Democratic Party did not support the Central Bank policy of monetary softening.
The signal to buy is strong. Yen continues to trade above the Ichimoku cloud.
The price is above the Kijun-Sen and Tenkan-Sen, indicator lines are horizontal.
The Chinkou Span is higher that the price that confirms the current buy signal and indicates a bullish mood of the players.
Bollinger Bands is narrowing, its volatility decreases. It is recommended to go short.
MACD histogram goes down and reaches its peak.
The pair continues its growth.
The pair is trading above the cloud the indicators confirm the upward movement. The first goal of the movement is the level 96.00, which is well tested, but not worked out. Should the pair consolidate at it the price will continue to move to the level 96.55.
Intermediate level is 96.90, the final target is 97.78.