USDJPY - Technical Analysis: Friday, 17/03/2017 06:13 GMT

The USDJPY pair moves within tight track around 113.40, and the price still below 114.54, falling under the negative pressure formed by the exponential moving average 100, which supports the continuation of the expected bearish trend for the coming period, as we are waiting to visit 112.00 level initially.

Breaking the mentioned level will push the price towards 109.94 on the near term basis, while the stability below 114.54 represents the most important condition to continue the expected decline.