USD/JPY (a 4-hour chart)
USD/JPY is being trading at the low range - about 94. The sell signal is confirmed. The price is below the Kijun-Sen and Tenkan-Sen, Kijun-Sen line directed to the side, the cloud has a neutral form. The pair is trading under a cloud. Yen created a new sell signal - "dead cross".
If the pair is fixed above Kijun-Sen, it can make another attempt to uptrend.
We recommend opening short orders.
Bollinger Bands lines are expanding and going down. The indicator confirms the downward movement.
MACD histogram left the zero area and started to go down.
Indicators suggest the downward movement.
If the pair consolidates under the cloud, the downward movement will continue. In this case, the first target will be the level 93.40. The pair will go it after fixing at 93.93.
Should the pair return to the northern movement, the first goal will become 96.00. After consolidation at it the price will move up to the level 96.55.