USDJPY Daily Forecast: July 04

USDJPY Forecast
The USDJPY has a bearish momentum yesterday bottomed at 110.50 and hit 110.27 earlier today in Asian session. The bias is bearish in nearest term retesting the trend line support located around 109.80 area which is a good place to buy with a tight stop loss. Immediate resistance is seen around 110.75. A clear break above that area could lead price to neutral zone in nearest term but would keep the bullish bias remains strong retesting 111.40 region.