USD/JPY (a 4-hour chart)
The pair is growing, receiving support from new purchases by short-term traders who have suffered losses due to the trading agiotage caused by the false report of an explosion at the White House.
According to a senior dealer at a major Japanese bank, short-term traders seem to want to compensate the losses incurred by the day before and so open the stop-buy orders. He believes that if the pair manages to grow above 100, it would not be surprising.
The pair is above the Kijun-Sen and the Tenkan-Sen, the Kijun-Sen line is directed upwards, the Cloud resumed its growth.
Bollinger bands are narrowing and directed aside.
The MACD histogram is growing.
The indicators confirm the northern movement.
We believe that in the short term the pair will be in the flat or continue an upward trend.
The goal of the northern movement is the 100 level, the last time the pair was not able to overcome it. Let's see if it has enough power to do it this time.
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.