$USDJPY

USDJPY closed lower on Thursday and is poised to renew the decline off last September's high. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. 

Stochastics and the RSI are oversold but are turning neutral to bullish hinting that a short-term. Closes above the 20-day moving average crossing at .11681 are needed to confirm that a short-term top has been posted. If March renews the decline off September's high, monthly support crossing at .11307 is the next downside target. 

First resistance is the 10-day moving average crossing at .11472. 

Second resistance is the 20-day moving average crossing at .11681.

First support is last Friday's low crossing at .11317. 

Second support is monthly support crossing at .11307.