$USDJPY

USDJPY closed higher on Thursday as it extends the trading range of the past two weeks. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. 

Stochastics and the RSI have turned bullish signaling that sideways to higher prices are possible near-term. Multiple closes above the 20-day moving average crossing at .10596 are needed to confirm that a short-term low has been posted. If June renews the decline off September's high, monthly support crossing at .10228 is the next downside target. 

First resistance is the 20-day moving average crossing at .10596. 

Second resistance is the reaction high crossing at .11014.

First support is last Tuesday's low crossing at .10345. 

Second support is monthly support crossing at .10228.