USDJPY Daily Forecast: June 03 2016
The USDJPY continued its bearish momentum yesterday bottomed at 108.52. The bias remains bearish in nearest term testing 108.00 – 107.70. Immediate resistance is seen around 109.15. A clear break above that area could lead price to neutral zone in nearest term testing 109.60 but as long as stay below H1 EMA 200 as you can see on my H1 chart below I still prefer a bearish intraday scenario at this phase.