USDJPY Daily Forecast: June 04

USDJPY Forecast
The USDJPY attempted to push lower last week slipped below 108.50 key support but whipsawed to the upside and closed higher at 109.50. The bias is bullish in nearest term testing 110.05. A clear break above that area would be a serious threat to the bearish correction phase but note that only a clear break above 111.50 would reactivate my bullish mode. Immediate support is seen around 109.40. A clear break below that area could lead price to neutral zone in nearest term testing 109.00 region but key support remains at 108.50.