USD/JPY (a 4-hour chart)
If the pair gets below 102.20 it will continue correcting to the key support 100.00-100.40.
Meanwhile, as the pair is trading above 100.00, medium-term risks remain ascendant, however, to confirm the growth it first needs to consolidate above 102.20.
There is a confirmed and strong sell signal. Chinkou Span is above the price, the price is below the Ichimoku cloud. Kijun-sen and Tenkan-sen are horizontal. The Cloud is directed down.
Bollinger Bands indicator shows a downward movement. MACD histogram is in a negative zone. The histogram is descending.
The medium-term trend remains bullish. February’s lows are gradually growing, what cannot be said about the highs, which stopped at the resistance level 102.60. If minimums continue growing up, they could reach and break 102.60 with a following growth to 104.00.