USDJPY Daily Forecast: July 10

USDJPY Forecast
The USDJPY had a bullish momentum yesterday topped at 110.90 and hit 111.05 earlier today in Asian session. Price broke above the range area as you can see on my H1 chart below suggests a bullish view. The bias is bullish in nearest term especially if price able to make a clear break above 111.13 targeting 111.40 or higher but note that we have a major resistance area near 112.00 region which is a good place to sell. Immediate support is seen around 110.75. A clear break back below that area could lead price to neutral zone in nearest term retesting 110.28 support area.