USDJPY - Technical Analysis: Tuesday, 19/12/2017 07:27 GMT

The pair's consolidation above 38.2% Fibonacci correction level indicates that the price is on its way to return to the main bullish trend, and it needs to surpass 114.54 to confirm the continuation of the bullish trend to 118.66 on the medium term basis.

On the other hand, breaking 112.00 will push the price to achieve more bearish correction and visit 109.94 mainly.