USDJPY Daily Forecast: May 31

USDJPY Forecast
The USDJPY was indecisive yesterday. The overall bearish short-term bias since formed the bearish pin bar last week remains valid, but need a clear break below 108.50 key support to resume the bearish phase targeting 107.50/00 region. The bias is neutral in nearest term. Immediate support is seen around 108.50 which remains a good place to buy with a tight stop loss below 108.10. Immediate resistance is seen around 109.10. A clear break and daily close above that area could trigger further bullish pressure testing 110.00 region.