USDJPY - Technical Analysis: Monday, 06/03/2017 06:28 GMT

The USDJPY pair could not manage to surpass 114.54 level, to show negative trades and start testing the important support line formed by the exponential moving average 100 at 113.80 now, as breaking this level will push the price to test 38.2% Fibonacci correction level at 112.00, while surpassing 114.54 level will lead trades to head towards the recent top at 118.66.

Thus, we will continue to monitor the price according to the mentioned levels to confirm the next trend on the short term basis.