$USDJPY was lower overnight as it extends Wednesday's breakout below the June-July uptrend line and the reaction low crossing at .12693.
Stochastics and the RSI are 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 .12753 would confirm that a low has been posted.
First resistance is the 20-day moving average crossing at .12753.
Second resistance is the reaction high crossing at .12854.
First support is the reaction low crossing at .12514.
Second support is June's low crossing at .12416.
