USDJPY Daily Forecast: June 09 2016

USDJPY Daily Forecast: June 09 2016

USDJPY Forecast
The USDJPY was indecisive yesterday but overall still able to maintain its bearish bias so far. The bias remains bearish in nearest term testing 106.00 – 105.50 area which remains a good place to buy with a tight stop loss. Immediate resistance is seen around 107.00. A clear break above that area could lead price to neutral zone in nearest term retesting 107.70 key resistance.