Keep your technical analysis simple, as simple as possible. 

Too much clutter will cloud your vision. Too many indicators are just ways to try and build more confidence to confirm what you see. 

Keep in mind, no matter what you add to the chart they will most likley most of the time show you the same image. 

Keep a handful of indicators you know best and will show you the full picture and master those. 

So the USD/JPY is in an uptrend, the short-term/medium-trend is showing price retracing back to the 50% fib level. 

If you are bullish for the USD or USD/JPY the price has become disconnected by 50% and that is what the fib level is pretty much telling you. 