USDJPY - Technical Analysis: Tuesday, 07/03/2017 08:44 GMT

The USDJPY pair continues to move around the exponential moving average 100, while the trend still not confirmed on the short term basis, as the price needs to surpass one of the important levels represented by 113.80 support and 114.54 resistance to confirm the next targets.

We remind you that breaking 113.80 will push the price to test 112.00 level again, which breaking it represents the key to extend the correctional bearish wave to 109.94, while surpassing 114.54 will push the price to visit the recent high at 118.66 mainly.