USDJPY Daily Forecast: June 01 2016

USDJPY Daily Forecast: June 01 2016

1 June 2016, 05:29
Roberto Jacobs
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USDJPY Daily Forecast: June 01 2016

USDJPY Forecast

The USDJPY failed to continue its bullish momentum yesterday and slipped below 110.65 key support as you can see on my H1 chart below. The bias is neutral in nearest term but as long as stay above the EMA 200 I still prefer a bullish scenario at this phase targeting 111.90 region. Immediate support is seen around 110.20. A clear break and daily close below that area could trigger further bearish pressure testing 109.00 region.

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