USDJPY Daily Forecast: July 09

USDJPY Forecast
The USDJPY didn’t make significant movement last week. The bias is neutral in nearest term. Price is trapped between 110.75 – 110.28 range area as you can see on my H1 chart below. We need a clear break from that range area to see clearer direction. A clear break above 110.75 would retest 111.15/40 resistance area. On the other hand, a clear break below 110.28 could trigger further bearish pressure testing the trend line support located around 109.85 region which is a good place to buy with a tight stop loss.