USD/JPY (a 4-hour chart)
The growth of the yen continues. Still the pair was falling yesterday and it is trading in Ichimoku cloud. Should the pair break through the Cloud and the buys signal will be canceled. The target of the downward movement is the levels 96.55 and 96.
The pair is below the Kijun-Sen and Tenkan-Sen, Kijun-Sen is pointing down, the Cloud stopped growing and began to fall.
The Bollinger middle line is turning down fallowing the price. The indicator lines are narrowing. We expect a continuation of the decline.
The MACD histogram is beginning to reduce its volume; the indicator went into a negative zone.
Indicators point to a continuation of the decline.
Long positions should only be opened if the price returns above the Cloud. Break of 96 will push the pair to further sales. We recommend to stay away from sales until it becomes clear where the pair will continue to move.