USDJPY Daily Forecast: August 08

USDJPY Forecast
The USDJPY was indecisive yesterday. The bias is neutral in nearest term. Immediate support is seen around 111.10. 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 targeting 110.00 or lower. Immediate resistance is seen around 111.55. A clear break above that area could trigger further bullish pressure testing 112.00 region but key resistance remains at 113.00 area.