$USDJPY

$USDJPY  closed lower due to light profit taking on Thursday but remains above the 20-day moving average crossing at .12721. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. 

Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If September extends Wednesday's rally, July's high crossing at .12854 is the next upside target. If September renews this month's decline, the reaction low crossing at .12514 is the next downside target. 

First resistance is Wednesday's high crossing at .12778. 

Second resistance is July's high crossing at .12854. 

First support is Monday's low crossing at .12556. 

Second support is the reaction low crossing at .12514.