USD/JPY (a 4-hour chart)
After analyzing the yen it becomes clear that the price continues to develop a buy signal, MACD is turned down that means a new round of the corrective movement. The current buy signal is confirmed and strong as Chinkou Span is above the price chart and the price is above Ichimoku cloud.
The goal of the upward movement is the first resistance level – 92.03 which has still not worked out yet. When the price overcomes this level an upward movement will be continued to the next target – 93.18. An upward movement will be relevant as long as the price is above the critical Kijun-sen line (90.85). On another hand if the price fixes below this line that will question the further upward movement, the "golden cross" will weaken, in this case the price may start moving towards Ichimoku cloud.
Chinkou Span is above the price chart that confirms the current signal and the bullish mood of the pair.
Bollinger Bands show an upward movement, the bands are narrow (due to the prolonged correction) and directed upwards. It is still recommended to open buy orders.
MACD is turned down confirming the current corrective movement. The long positions will be relevant after the current correction is over and the price is above the Kijun-sen.
If the price bounces from Kijun-Sen it could trigger an uptrend again.
It is better to consider buy positions with the first target 92.03. Buy positions will become relevant if the price fixes above Kijun-sen.
If the price overcomes the first target long positions will be relevant to 93.18 as a target.
Stop loss can be placed below 90.85 and as this line grows you can move a stop-loss. You can open new long positions if MACD turns up or the price bounces from Kijun-sen. When you reach profits of 50 - 60 points, stop-loss can be moved to a zero level.
Take-profit can be set at around 91.95 and 93.10