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USDJPY Daily Forecast: December 03

USDJPY Forecast
The USDJPY attempted to push higher yesterday slipped above 123.60 but closed lower at 123.23. The bias is bullish in nearest term but 123.60 area is a good place to sell with nearest target seen around 122.20 with a tight stop loss. Immediate support is seen around 123.10. A clear break below that area could lead price to neutral zone in nearest term testing 122.65 or lower. On the upside, a clear break and daily close above 123.60 could trigger further bullish pressure testing 124.00/50 region. Fundamental focus will be on the US NFP tomorrow.

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