USD/JPY (a 4-hour chart)
USD/JPY is being sold off in response to Nikkei falling which is the main driving force for the pair now. Such dynamics of the index are called by the reports that Sony refused Daniel Loeb investor's offers for the separation of the entertainment business.
Trend Tenkan-Sen and Kijun-Sen intersected in a descending "dead cross". Kijun-sen is moving in a horizontal direction parallel to the cloud, and the Tenkan-Sen continues to go down.
Bollinger Bands follow the price down. The indicator shows a high volatility.
MACD is in a negative area.
The pair went below the supporting line 97.50-100.00 that shifts the risks to the downside for 95.00. After passing 95.00 the road to the support level 92.50 or 90.00 will be opened.
To improve its prospects the pair needs to overcome again the price range 97.50-100.00 and to consolidate above 100.00. Only in this case we can expect its growth above 101.50 minor resistance to a maximum 103.75.