$USDJPY

USDJPY closed lower on Friday as it extends the decline off September's high. A short covering rally tempered early session losses and the high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. 

Stochastics and the RSI are oversold but remain neutral to bearish signaling that additional weakness is possible near-term. If March extends the decline off September's high, monthly support crossing at .11307 is the next downside target. Closes above the 20-day moving average crossing at .11973 are needed to confirm that a short-term top has been posted. 

First resistance is the 10-day moving average crossing at .11815. 

Second resistance is the 20-day moving average crossing at .11973. 

First support is today's low crossing at .11548. 

Second support is monthly support crossing at .11307.