USDJPY INTRADAY BEARISH BELOW 113.37 LEVEL

The US dollar continues to drift lower against the Japanese yen currency following negative reports surrounding Sino-US trade talks. Indicators are still turning lower, with the intraday sentiment surrounding the USDJPY pair bearish while price trades below the 113.37 level. A sustained breach of the 112.94 support level is likely to accelerate technical selling in the USDJPY pair.

• The USDJPY pair is intraday bearish while trading below the 113.37 level, key technical support is now found at the 112.94 and 112.50 levels.

• If the USDJPY pair trades above the 113.37 level, buyers may test the 113.70 and 114.19 resistance levels.