USD/JPY (a 4-hour chart)
On Friday, April 19, the pair USDJPY continued its growth and went out of the Ichimoku Cloud. Despite opposition from the Bank of Japan, the yen does not hurry up to new high levels, being traded in a wide range between 96 and 100.
Favorable news impacted on the growth, the country's exports grew by 1.1% in annual terms in March. The level of imports also rose by 5.5% y/y.
A pair is above the Kijun-Sen and the Tenkan-Sen, the Kijun-Sen line is directed upwards, the Cloud resumed its growth.
Bollinger bands began to expand and directed upwards.
The MACD histogram is back in positive zone and began to grow.
Indicators confirm the northern movement.
We believe that in the short term the pair will be in the flat or continue an upward trend.
One can go long after a steady penetration of 99.30.
We can speak about the sales can only if the pair returns to the Cloud.