USDJPY - Technical Analysis: Thursday, 08/06/2017 09:07 GMT

The USDJPY pair is testing 109.94 level that turns into important resistance after breaking it previously, noting that RSI loses its bullish momentum to move towards the overbought areas, while settling below the mentioned level keeps the correctional bearish pressure valid, waiting to return to decline and head towards 107.88.

Note that surpassing 109.94 will push the price to achieve more gains that will reach to 112.00 mainly.