USD/JPY (a 4-hour chart)
The Japanese yen slightly fell down versus the dollar. Obviously, some the U.S. “Treasuries” profitability increase and increased optimism on the U.S. stock markets spurred risk appetite and supported the pair dollar/yen. Important statistics were published in Japan.
The first support is 101.60, the next is 101.00. The first resistance is 102.23, the next is 103.00.
The Kijun-sen and the Tenkan-sen are directed downwards. The Tenkan-sen is crossing the Kijun-sen down. The southern movement is strong as the pair is below the Cloud. The Cloud is directed down. The southern movement remains until Kijun-Sen is above the price.
The MACD histogram is still located in the negative zone and it is lower then its signal line.
The pair is decreasing. If the price keeps going down it will test 101 soon.
If the price consolidates above 102.23 resistance level, the buying will open the way to 103.00.