$USDJPY

USDJPY closed sharply lower on Friday as it extends this winter's decline. The low-range close sets the stage for a steady to lower 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 .10702 is the next downside target. Closes above the 20-day moving average crossing at .11179 are needed to confirm that a short-term top has been posted. 

First resistance is the 10-day moving average crossing at .11052. 

Second resistance is the 20-day moving average crossing at .11179. 

First support is today's low crossing at .10778. 

Second support is monthly support crossing at .10702.