FxWirePro- Major Pair levels and bias summary 
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- USD/JPY broke below 21 DMA in yesterday's trade, falling to as low as 122.30. The pair ran through fresh bids near the mid-point of the 122 handle at Tokyo start.
- Recovery extended to 122.85, but selling pressure weighed, bringing the pair lower. USD/JPY is now attempting a tepid bounce towards hourly 10-SMA located at 122.69.
- USD/JPY gently bid, pre-weekend. Gotobi, Japanese importer settlement demand also falls on a Saturday
- Close above 21 DMA at 122.90 could see further gains. Flat daily Ichi Tenkan at 122.97 likely near-term pivot.
- Immediate resistance is now located at 122.78 (10 DMA) and further ahead at 122.90 21 DMA.
- A December U.S. rate hike seems almost certain, barring any shocks in today's nonfarm payrolls report
Resistance Levels:
R1: 122.78 (10 DMA)
R2: 122.90 (21 DMA)
R3: 122.96 (Daily Tenkan-Sen)
Support Levels:
S1: 122.40 (23.6 % Fibo of 118.05 - 123.75 rise)
S2: 122.30 (Nov 24 low)
S3: 122.26 (Daily Low Nov 25)
