USD/JPY (a 4-hour chart)
The current buy signal is confirmed but weak as Chinkou Span is below the price, and the price is below the Ichimoku cloud. The price corrected yesterday having stopped in the area 98.90. In the case of overcoming this level the downward movement will be continued to the support level 97.90.
The downward movement will be relevant as long as the price is below Kijun-sen.
Chinkou Span is below the price, which confirms the current sell signal and indicates a bearish market sentiment of the pair.
Bollinger Bands show a continuation of the upward movement, still its bands are turning down after the price.
MACD is directed down, confirming the current downtrend.
The pair failed to continue to grow, but so far it has showed a stable trading above 98.70, the risks are directed towards growth to consolidate above 100.00 and a breakthrough in the direction of maximum 103.75.
If the pair falls, it will signal the development of a long decline to test 92.50-93 support area.