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

The USDJPY pair returns to retreat after testing the sideways range resistance that appears on the chart below, to keep the bearish trend valid for the coming period, waiting to test 109.90 level initially, noting that breaking this level will confirm opening the door to head towards the next correctional level at 107.83.

We remind you that surpassing 111.00 will stop the current decline and push the price to test the most important resistance to the short term trades at 112.00.