USD/JPY (a 4-hour chart)
Traders have received data on the unemployment rate and the change in the volume of retail trading. If the rates are published as the forecast was, then the release of retail sales can bring us a surprise. After receiving the data on the growth of inflation we can expect the growth of retail sales index. In the case a yen growth to 97.15 is possible.
We can see that Tenkan-sen and Kijun-sen are directed upwards trying to penetrate the cloud. Chinkou Span is below the price, the cloud is neutral. Tenkan-Sen and Kijun-sen are directed upwards.
The upward movement will remain if the price stays above 98.36.
Bollinger Bands indicates the change of the trend being directed. The bands are widening.
The MACD is in a negative area right now.
The price is sandwiched between two layers: the descending trend lines 97.70 and 97.55. Which level will be broken first shall determine the further movement of the pair.
The break of 97.55 would be a good signal to go to the next support level 97.00.