• USD/JPY inched higher in the US session after data showed U.S. factory activity accelerated in November suggesting more evidence that US economy gained further momentum early in the fourth quarter.
   
• The Institute for Supply Management (ISM) said its index of national factory activity rose 1.3 percentage points to a reading of 53.2 last month, the highest since June.
   
• The ongoing bullish trend is set to continue for this pair as the support level at 111.91 is likely to act as strong barrier to the bears and push the pair towards higher side.
   
• To the upside, the strong resistance can be seen at 113.83, a break above this level would take the pair towards next resistance level at 114.00.
   
• To the downside immediate support can be seen at 112.56, a break below this level will open the door towards next level at 111.91.
  
  Resistance Levels
  
  R1: 113.43 (23.6% Retracement Level)
  
  R2: 113.83 (Nov 11th high)
  
  R3: 114.00 (Psychological levels)
  
  Support Levels
  
  S1: 112.56 (38.2% Retracement Level)
  
  S2: 111.91 (50% Retracement Level)
  
  S3: 111.23 (61.8% Retracement Level)