$USDJPY

$USDJPY  closed lower on Wednesday as it extends this week's breakout below the June-July uptrend line. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. 

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 .12752 would confirm that a short-term low has been posted. 

First resistance is the 20-day moving average crossing at .12752. 

Second resistance is the reaction high crossing at .12839. 

First support is today's low crossing at .12595. 

Second support is the reaction low crossing at .12514.