USDJPY - Technical Analysis: Wednesday, 19/04/2017 04:56 GMT

The USDJPY pair moves negatively to approach from 107.88 level gradually, reminding you that this level represents 61.8% Fibonacci correction level for the rise from 101.21 to 118.66, thus, breaking this level will push the price to 105.33 direct.

The negative pressure continues, to keep our bearish forecasts valid for the coming period, noting that surpassing 109.94 will stop the current decline and lead the price to turn to rise.