USDJPY - Technical Analysis: Wednesday, 10/05/2017 04:57 GMT

The USDJPY pair continued to rise to approach from our waited target at 114.54, noticing that RSI attempts to be released from the negative momentum to support the chances of continuing the bullish trend on the short term basis, noting that surpassing the mentioned level will lead the price to achieve more gains that extend to reach the previously recorded top at 118.66.

It is important to note that breaking 112.90 will push the price to test the most important support at 112.00, reminding you that breaking this level will push the price to return to the correctional bearish trend again.