USDJPY Daily Forecast: June 08

USDJPY Forecast
The USDJPY failed to continued its bullish momentum yesterday, closed back below 110.00. This fact could create a potential false breakout bearish scenario. The bias is bearish in nearest term testing 109.20/00 region. Immediate resistance is seen around 110.00. A clear break and daily/weekly close above that area would expose 111.00/50 key resistance next week. On the downside, a clear break below 109.00 would retest 108.50 key support.