USDJPY Daily Forecast: July 05

USDJPY Forecast
The USDJPY was indecisive yesterday but overall still able to maintain its bearish short term bias. The bias remains bearish in nearest term especially if price able to make a clear break below 110.28 targeting the trend line support located around 109.80 area as you can see on my H1 chart below which is a good place to buy with a tight stop loss. Immediate resistance is seen around 110.50/75 area. A clear break above that area could lead price to neutral zone in nearest term testing 111.40 resistance area.