USDJPY - Technical Analysis: Friday, 04/08/2017 04:08 GMT

The USDJPY pair fell under the negative pressure yesterday to test 109.90 again without managing to break it until now, so, the bearish trend will be dominant in the coming period, noting that breaking the mentioned level will push the price to head towards the next correctional level at 107.83.

Thus, we expect witnessing more decline on the intraday basis unless the price rallied to surpass 110.60 level and settle above it, as this breach will lead the price to test the most important resistance to the short term trades at 112.00.