USDJPY - Technical Analysis: Thursday, 11/05/2017 05:04 GMT

The USDJPY pair still inside the intraday ascending channel, moving near 114.54 level, as we are waiting to surpass this level to confirm the continuation of the bullish trend on the short term basis, reminding you that the father target reaches to 118.66.

We remind you that breaking 112.85 will push the price to visit 112.0 direct, noting that breaking this level will bring the price back to the correctional bearish trend again, which its next target located at 109.94.