$USDJPY

$USDJPY  closed higher on Thursday as it extends the trading range of the past five days. The mid-range close sets the stage for a steady opening when Friday's night session begins trading. $$

Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September renews last week'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 last Wednesday's high crossing at .12778. 

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

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

Second support is the reaction low crossing at .12514.