USD/JPY (a 4-hour chart)
The dollar/yen was in no hurry to respond to the market developments. The news from Europe had no effect and most of the trading session the pair held in the lateral trade. However after the the U.S.the dollar increased the pressure on the yen and the pair started to grow.
The support at 101.00-101.40 limits the falling. We expect the price to return to the growth.
There is a confirmed and strong sell signal. Chinkou Span is below the price, the price is below the Ichimoku cloud. The southern movement remains until the price is below the Kijun-sen. Kijun-sen and Tenkan-sen are directed downwards. The Cloud is descending.
Bollinger Bands indicator shows that a downward movement as its bands are expanded and directed downwards. MACD is growing, showing a buy signal.
There was a downward sloping trend line and resistance line 101.60 breakthrough. The price managed to break the resistance level 102.00 up. If the pair consolidates at this level the bulls will get the control over the market.