USD/JPY (a 4-hour chart)
The Japanese currency fell against the dollar to new low and finished it with another loss. The dollar/yen was influenced by technical factors that prevented the price to grow above it and triggering a rollback down, as well as events in the U.S. government debt market, where the profitability "Treasuries" growth returned the yen under pressure, and this has helped the dollar to fix eventually benefit.
The interest to the yen rose again and it strengthens the current session against the dollar, which may be the pessimism fault in the "Land of the Rising Sun." stock market.
The strong resistance level retest 102.65 led to the consolidation which in turn is a signal for short-term price down pullback.
The bounce from the resistance level 102.65 may correct the U.S. dollar to the nearest support located at around 102.23.
The price is finding the first support at 102.23, the next one is at 101.60. The price is finding the first resistance at 102.70, the next one is at 103.20.
There is a confirmed and strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The uptrend movement will be until the price is above the Kijun-Sen. The Cloud is growing.
The MACD is in a positive area and is descending confirming the current price sentiment.
The immediate growth is the resistance level 102.70. If the price breaks it, the way towards 103.20 will be opened.
The pair may continue the downward correction towards 102.23.