USDJPY Daily Forecast: May 03

USDJPY Forecast
The USDJPY was indecisive yesterday. The bias is neutral in nearest term but overall I still prefer a bullish scenario at this phase with nearest target seen around 110.50. Immediate support is seen around 109.50 (daily EMA 200). A clear break and daily close back below that area would interrupt the bullish phase testing 109.00 or lower. On the upside, a clear break and daily close above 110.50 would expose 111.50 area.