USD/JPY (a 4-hour chart)
The U.S. dollar was generally stronger the last week, and the USD/JPY has grown by almost 120 points. The pair closed the week just below the 99, at 98.87. Beginning of the week consists of seven events: the Japanese data on the trade balance, Retail, Manufacturing PMI, household spending, the core consumer price index Tokyo, preliminary data on industrial production, construction of new housing.
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 above the cloud. The Cloud is neutral.
Bollinger Bands follow the price up. The indicator shows a high volatility.
MACD is in a positive area and is growing.
Rebound from the downward trend line, located slightly above the strong resistance at 99.00, is possible if, of course, the U.S. dollar does not continue to strengthen against the major currencies. The immediate goal of the rebound will perform daily support level of 97.70. Its break will open the way to 97.20.