USDJPY Daily Forecast: May 14

USDJPY Forecast
The USDJPY had another indecisive movement last week. The bias remains neutral in nearest term. Price is still trapped between 108.50 – 110.05 range area as you can see on my daily chart below and we need a clear break from the range area to see clearer direction. I still prefer a bullish scenario but need a clear break above 110.05 to continue the bullish phase testing 110.50 or higher. On the downside, a clear break and daily close below 108.50 would expose 107.50 – 106.60 area.