USD/JPY (a 4-hour chart)
The dollar/yen strengthened yesterday at the Asian session amid the Japanese stock market the support growth and the American session beginning. The Japanese yen strengthened sharply after the US news that caused the US bonds treasuries sharp drop.
The price is finding the first support at 105.70, the next one is at 105.20. The price is finding the first resistance at 106.30, the next one is at 106.70.
There is a confirmed and a strong sell signal. The price is under the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show a downward movement. The downward movement will be until the price is under the Cloud.
The MACD indicator is in a negative territory. The price is consolidating.
The potential target for the price decline is the support level of 105.20.