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 grew yesterday having stopped in the area 100.74. In the case of overcoming this level the downward movement will be continued to the support level 101.30.
The upward movement will be relevant as long as the price is above Kijun-sen. The price broke through the Cloud and it is being traded above it right now. The Cloud is neutral.
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.
MACD is on the zero level.
Pair prospects remain positive as long as it trades above 98.80 support area. At the same time we expect it to continue growing above 101.50 minor resistance to high 103.75. In the future, it will confirm the overcoming of medium-term growth more towards 110.00.
Only a break and consolidation below 98.80 will cancel the positive expectations and will open the way to reduce 93.50 and support around 92.50 or 90.00 mark.