USDJPY Daily Forecast: June 05

USDJPY Forecast
The USDJPY continued its bullish momentum yesterday as expected, topped at 109.85 and hit 109.99 earlier today in Asian session. The bias remains bullish in nearest term testing 110.05 – 110.50 area. Immediate support is seen around 109.50 region. A clear break below that area could lead price to neutral zone in nearest term testing 109.00 area but key support remains at 108.50. On the upside, a clear break and daily close above 110.50 would expose 111.00 – 111.50 resistance area which need to be clearly broken to the upside to reactivate my major bullish mode.