• 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
