$USDJPY closed lower on Thursday and the mid-range close sets the stage for a steady to lower opening when Friday's night session begins trading.
Stochastics and the RSI are turning neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at .12303 are needed to confirm that a short-term top has been posted. If March renews this fall's decline, March's low crossing at .12000 are the next downside target.
First resistance is the reaction high crossing at .12253.
Second resistance is the 20-day moving average crossing at .12303.
Second resistance is the 20-day moving average crossing at .12303.
First support is November's low crossing at .12088.
Second support is March's low crossing at .12000.
