USD/JPY (a 4-hour chart)
The weak USA inflation report slightly weakened the JPY/USD. In Japan the Industrial Production decreased by 5.2%. This news supported the dollar. However the pair decreased amid the USA weak statistics.
The price is finding the first support at 108.20, the next one is at 107.40. The price is finding the first resistance at 109.00, the next one is at 109.80.
There is a non-confirmed and a weak sell signal. The price is under the Ichimoku Cloud and it is under the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement. The downward movement will be until the price is under the Cloud.
The MACD indicator is in a neutral territory. The price is correcting.
The buyers need to break below 108.20 for a steady decrease. The way to the mark 107.40 will be opened after this breakthrough.