$USDJPY

$USDJPY closed lower on Tuesday and the low-range close sets the stage for a steady to lower opening when Wednesday's night session begins trading. 

Stochastics and the RSI are diverging but are neutral to bearish signaling that additional weakness is possible near-term. If December extends the decline off September's high, the 62% retracement level of the March-September rally crossing at .12360 is the next downside target. Closes above the 20-day moving average .12584 would confirm that a short-term low has
been posted. 

First resistance is the 20-day moving average crossing at .12584. 

Second resistance is last Tuesday's high crossing at .12640. 

First support is last Friday's low crossing at .12399. 

Second support is the 62% retracement level of the March-September rally crossing at .12360.