USD/JPY (a 4-hour chart)
The U.S. dollar correction growth did not stop at the resistance of 101.50. On the lower level there is a volume up breakthrough. The way will be opened to the downward trend line 101.80 in the short term.
The trendline is located near the strong resistance level of 101.80, which will act as an additional obstacle. The level of 101.80 retest at lower volumes is more likely to lead to the consolidation formation followed by the price downward break.
The price is finding the first support 101.60, the next one is at 101.00. The price is finding the first resistance at 102.23, the next one is at 102.70. There is a confirmed and weak sell signal. The price is under the Cloud and it is under the Chinkou Span. The upward movement will be until the price is above the Kijun-Sen.
The MACD indicator is in the neutral territory.
If the price fixates below the support 101.50, it may continue the downward trend in the short term. The potential target is 101.30, and the way to the 101th figure wiil be opened.