During the Asian trading session on Tuesday, the USD/JPY currency pair is trading with a slight increase in quotes, remaining within the current support level at 109.40 and the resistance level around the 110.12 mark.
The moving averages with a period of 21 and 55 days turned down, increasing the divergence, which allows us to expect the development of a downward trend in this market in the short term. The four-hour chart remains in the area below the exponential moving averages, which confirms the advantage of a downtrend in this market in the short term.
The technical picture also demonstrates the preservation of the initiative for sellers, as the MACD histogram entered the area below its central line, and the strength indicator of the current RSI movement fell to the 40 line, confirming the bearish trend in this market in the short term.
Thus, we intend to sell this trading instrument today.