$USDJPY

$USDJPY  closed lower on Wednesday and below the June-July uptrend line crossing near .12718 confirming that a short-term top has been posted and trend change has taken place. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. 

Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. 

If September extends this week's decline, the reaction low crossing at .12514 is the next downside target. Closes above the 20-day moving average crossing at .12759 would confirm that a short-term low has been posted. 

• First resistance is the 20-day moving average crossing at .12759. 
• Second resistance is the reaction high crossing at .12839. 
  
  
• First support is today's low crossing at .12653. 
• Second support is the reaction low crossing at .12514.