USD/JPY (a 4-hour chart)
After analyzing the pair it is clear that the price continues to develop a buy signal, MACD is turned up, so the current round of correction is likely over. The current buy signal is confirmed and strong as Chinkou Span is above the price chart and the price is above the Ichimoku cloud. So now the goal for the upward movement is the first resistance level of 92.03.
After overcoming this level the upward movement will continue uprising with the purpose of the second resistance level 93.18. Upward movement will be relevant as long as the price is above the critical line Kijun-sen (89.90). If the price fixes below this line that can question the further upward movement and the "golden cross" will become weak. Chinkou Span is above the price chart that confirms the current signal and the bullish mood of the market.
Bollinger Bands show an upward movement, the bands are narrow (due to the prolonged correction) and directed upwards. It is recommended to go long. MACD is turned up confirming the current uptrend, so longs will be valid until a new round of correction, which can be determined by a turn down MACD. If the price rebounds from the level of 92.03 it could also provoke a new downward correction.
It is advised to consider long positions with the first target – 92.03. After working out the first target the price may go to 93.18. Stop loss should be placed below 89.90 and with the increase of the line can be moved up.
One can close orders manually if MACD turns down or the price bounces from the level 92.03. Once gained profit of 30 - 40 points stop loss can be moved to the zero zone.
Take-profit can be set at around 91.95 and 93.10.