USDJPY Daily Forecast: August 01

USDJPY Forecast
The USDJPY had a significant bullish momentum yesterday, broke above 111.55 resistance area as you can see on my daily chart below. This fact invalidates the inside bar bearish scenario. The bias is bullish in nearest term testing 112.60 – 113.00 region. Immediate support is seen around 111.55. A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear. On the upside, a clear break above 113.00 would activate my bullish mode. Fundamental focus will be on the US NFP on Friday.