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FxWirePro: USD/ JPY hovers around one-week month, maintains bearish bias

• USD/JPY hovered near a one-month low on Friday   as investors awaited highly-anticipated August US jobs report.

  •Analysts anticipate an increase of 165,000 new jobs and a decline in the unemployment rate to 4.2%.

• A close below   support at  23.6%fib will give further momentum to bears, opening the way for a run towards 142.00 level.

• Technical signals are bearish as RSI is heading down  at 34, daily momentum studies  5, 9 and 11 DMAs are trending down.
 
• Immediate resistance is located at 144.13 (Sep 5th high), any close above will push the pair towards 145.00 (Psychological level).

•  Support is seen at 144.44 (38.2%fib) and break below could take the pair towards 142.25 (Lower BB

Recommendation: Good to sell  around 143.20, with stop loss of 144.60 and target price of 142.00

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