USDJPY - Technical Analysis: Thursday, 18/05/2017 07:41 GMT
The USDJPY pair continued its strong decline to break 112.00 and head direct to approach from the next target at 109.94, confirming falling under the domination of the correctional bearish trend again, noting that pushing on 109.94 level and breaking it will push the price to visit 61.8% Fibonacci level at 107.88.
Thus, the bearish trend will remain expected for the coming period, noting that surpassing 112.00 will release the price from the current negative pressure and push trades to rise again
Trend
Bearish