USDJPY - Technical Analysis: Wednesday, 22/03/2017 06:57 GMT

The USDJPY pair succeeded to break 112.00 and settled below it, which supports the expectations of extending the correctional bearish wave on the short term basis, to target 109.94 level mainly, which keeps the bearish bias dominant in the coming period.

The exponential moving average 100 continues to support the expected bearish wave, noting that surpassing 112.00 then 112.70 levels will stop the current decline and push the price to return to 114.54 areas again.