USDJPY - Technical Analysis: Friday, 11/08/2017 04:23 GMT

The USDJPY pair succeeded to confirm breaking 109.90 level and declined strongly to settle below 109.00 barrier, supporting the expectations of continuing the bearish trend on the short term basis, and the door is open to visit our next target at 107.83.

Settling below 109.90 is important to continue the expected decline, as surpassing this level will push the price to achieve intraday gains that start at 111.00 then 112.00.