USD/JPY (a 4-hour chart)
USD/JPY started the recovering and breaks through 94.50. The pair stabilizes. We should wait and see if the pair can hold at 93.90/94.00 area or not. If the pair closes further that will confirm the USD/JPY weakness.
The downward movement will be relevant as long as the price is below Kijun-sen, if the yen is fixed above the Kijun-sen, the "dead cross" will be weakened, the short position will be temporarily relevant.
Chinkou Span is below the price that is a confirmation of the current sell signal and indicates a bearish market sentiment.
Bollinger Bands show a downward movement, the bands are directed downward and are narrowing.
MACD is directed upward, indicating the current uptrend.
It is unlikely that the government and the Bank of Japan to let the pair fell below the 92.50 level. The economy began recovering, and it means that Abe's plan is working. We expect an increase in asset purchase program. That is why, it is better to open long positions in the long term.