USDJPY - Technical Analysis: Friday, 24/03/2017 07:38 GMT

The USDJPY pair is testing the intraday resistance line that appears on the chart below, noticing that RSI heads towards the overbought areas to form negative factor that we expect to push the price to continue the decline, thus, the correctional bearish trend still dominant on the current trades, and the next target is located at 109.94.

The price stability below 112.00 represents important condition to continue the expected decline, as surpassing it will push the price to attempt to recover and head towards 114.54 initially.