USDJPY Daily Forecast: May 06 2016
The USDJPY was indecisive yesterday but overall still able to maintain its bullish intraday bias. The bias is bullish in nearest term testing 107.60. A clear break and daily/weekly close above that area could trigger further bullish pullback testing 109.00 region next week. Immediate support is seen around 106.80. A clear break below that area could lead price to neutral zone in nearest term testing 106.25 region.