USD/JPY (a 4-hour chart)
After analyzing the yen we can see that the price continues working up a buy signal, fixed above the first level of resistance. The current buy signal is confirmed and strong as Chinkou Span is above the price chart and the price is above Ichimoku cloud.
The second resistance level 93.18 is our goal right now. When we overcome it the third level of a resistance (95.17) will become our target.
The upward movement will be relevant as long as the price is above the critical line Kijun-sen (91.30). If the price fixes below this line that fact will question the further upward movement. In this case the price may start moving down towards Ichimoku cloud.
Chinkou Span is above the price chart that just confirms the intentions of the price to go down.
Bollinger Bands show an upward movement, its bands once again expanded and directed upwards. Thus, long positions are actual right now.
MACD is turned up confirming the current uptrend. Long positions will be valid till the indicator turns down.
If the price is fixed below the level 92.03, it could also trigger a new downward correction.
We advise you to consider going longs with the first target 93.18. After working out this level the price might go for the next one which is 95.17.
Stop loss is recommended to place below 91.30 and move it up with the increase of the price. Long positions can be closed manually if MACD turns down or the price fixes below 92.03.
When you get profit of 30 - 40 points you can move the stop loss to a breakeven. Take-profit can be set at around 93.10 and 95.10.