USD/JPY - Had an Aggressive Roller Coaster and Hit the 111.00 Psychological Level - 09/15/2017 (GMT)

As we mentioned before, the USD/JPY pair exposed to 111.00 strong psychological level but failed to end the day in green as it dropped aggressively near the 109.55 support barrier. On the short-term basis, the pair seems to be positive and a jump above 110.65 will open the door for a touch of 111.00.

Going to a medium-term timeframe, the currency pair is developing within a consolidation area with upper boundary the 114.40 resistance level and lower boundary the 108.25 support handle. The pair seems to be confused as the tendency is not clear. Additionally, MACD and RSI are moving near its mid-level with weak momentum on the short-term chart, while on the 4-hour chart RSI is sloping up and MACD is falling below the trigger line.