$USDJPY

USDJPY closed lower on Wednesday ending a two-day correction off last Friday's low. The low-range close sets the stage for a steady to lower opening when Thursday'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 .11721 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 .11506.
Second resistance is the 20-day moving average crossing at .11721. 

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

Second support is monthly support crossing at .11307.