USDJPY technically weak
The US dollar remains technically weak against the Japanese yen currency on Thursday, with the pair once again staging a bearish reversal. Sellers now need to force price under the 108.00 support level to increase technical selling. Traders should expect bearish intraday pressure to persist while price trades below the 108.44 level.
The USDJPY pair is bearish while trading below the 108.44 level, key support remains at the 108.00 and 107.70 levels.
If the USDJPY pair trades above the 108.44 level, key technical resistance is found at the 108.64 and 108.80 levels.