The US dollar continues to slide against the Japanese yen currency as the pair starts to break down below the 105.40 level. Continued weakness below the 105.40 level should prompt a technical test of the psychologically important 105.00 level. USDJPY bulls need to move price above the 106.40 level in order to place the emphasis on a technical test towards the 107.00 level.
The USDJPY pair is heavily bearish while trading below the 105.40 level, key support is found at the 105.00 and 104.60 levels.
The USDJPY pair is only bullish while trading below the 106.30 level, key technical resistance is found at the 106.60 and 107.00 levels
