USDJPY Daily Forecast: August 02

USDJPY Forecast
The USDJPY was indecisive yesterday. The bias is neutral in nearest term but as long as stay above 111.55 the overall short-term technical bias remains to the upside retesting 113.00 key resistance. Immediate support is seen around 111.39 (yesterday’s low). A clear break below that area could trigger further bearish pressure retesting 110.75 key support which need to be clearly broken to the downside to reactivate my bearish mode. Fundamental focus will be on the US NFP on Friday.