USD/JPY (a 4-hour chart)
Yen strengthened on Tuesday after reaching the 5-year low level versus the euro and the pound, amid falling stock markets and rising risk aversion - that led to the growth and other defensive assets.
Chinkou-span is above the price, the pair is above the Ichimoku cloud. Tenkan-sen is directed downwards, Kijun-sen is horizontal. Chinkou Span is below the price, the cloud is neutral.
Bollinger Bands still indicate an upward movement. The bands are widening and directed upwards. MACD is located in a positive zone, slightly below its signal line.
That the price returned to the level 103.20 means that purchasing power is waning. But before a pullback down we can expect a breakthrough to 103.20.