USDJPY Daily Forecast: August 03

USDJPY Forecast
The USDJPY had another indecisive movement yesterday. The bias remains neutral in nearest term but as long as stay above 111.55 region my overall short-term technical bias remains to the upside retesting 113.00 key resistance area. Immediate support is seen around 111.32 (yesterday’s low). A clear break below that area could trigger further bearish pressure testing 110.75 key support which need to be clearly broken to the downside to reactivate my bearish mode. Fundamental focus today will be on the US NFP.