USDJPY - Technical Analysis: Thursday, 25/05/2017 07:52 GMT

The USDJPY pair moves to the downside after testing 112.00 level yesterday, as this level managed to form strong resistance against the price positive attempts, to keep the bearish trend expected in the coming period, noting that our next target is located at 109.94.

It is important to note that surpassing 112.00 will push the price to achieve intraday gains that reach to 114.54 mainly.