USDJPY - Technical Analysis: Monday, 07/08/2017 04:24 GMT

The USDJPY pair rose to test the intraday bearish trend line, and we notice the price move inside sideways range that appears on the chart below, its resistance line located at 111.00, and settling below this level will keep the negative pressure valid on the intraday basis.

Thus, we are waiting for negative trades in the coming period, and the first target is represented by breaking 109.90 to confirm the continuation of the bearish trend towards 107.83, noting that surpassing 111.00 will push the price to test 112.00 direct.