USDJPY Daily Forecast: June 07

USDJPY Forecast
The USDJPY had a bullish momentum yesterday topped at 110.26 but traded a little bit lower hit 109.86 earlier today in Asian session. The bias is bullish in nearest term testing 110.50 area. Immediate support is seen around 109.70. A clear break below that area could lead price to neutral zone in nearest term but could create a false breakout scenario retesting 108.50 key support area. On the upside, a clear break and daily close above 110.50 could trigger further bullish pressure testing 111.00 – 111.50 key resistance area.