USD/JPY (a 4-hour chart)
The pair managed to exceed the 100 mark for the first time this month on Tuesday due to expectations that the strengthening of the U.S. economic recovery will prompt the U.S. Federal Reserve by the end of the year to wind down its economic stimulus program.
The current buy signal is confirmed and weak as Chinkou Span is above the price, and the price is in the Ichimoku cloud. So now the goal for the upward movement is 100. In the case of overcoming the first target, the upward movement will be continued to the resistance level 100.53.
The upward movement will be relevant as long as the price is above Kijun-sen, if the yen consolidates below the Kijun-sen, the "golden cross" will be weakened and the downward movement may resume to the first level of support 92.16.
Chinkou Span is above the price, which confirms the current buy signal and indicates bullish market sentiment for the pair.
Bollinger Bands show a continuation of the upward movement, the band geared up and broadening, making relevant long positions in the market now.
MACD is directed up, confirming the current uptrend.
The pair broke the mark of 100.00 and if it is able to stay above this barrier it is likely to yield a maximum of 103.75. The break through the maximum point will confirm the medium-term growth to around 110.00.
Otherwise, the pair is likely to return to 100, and in case of further falling it will continue to go to 90.00-92.50 supports.