During the Asian trading session on Thursday, the USD/JPY currency pair is trading with a slight increase in quotations, remaining within the current support level at 112.80 and the resistance level around 113.72.
Moving averages with a period of 21 and 55 days continue to move down, accelerate, increasing the discrepancy. The four-hour chart progresses noticeably below the exponential moving averages, confirming the strengthening of bears in this market in the short term.
The technical picture also demonstrates the remaining advantage of the bears, as the MACD histogram remains in the area just below its central line, and the strength indicator of the current RSI movement remains near the 40 line, confirming the downward potential in this market in the short term.
Thus, we intend to sell this trading instrument today.