During the Asian trading session on Friday, the USD/JPY currency pair is trading in different directions with a slight decrease in quotations, remaining within the current support level at 128.06 and the resistance level around 130.26.
Moving averages with a period of 21 and 55 days turned down and formed a sell signal - EMA21 crossed EMA55 from top to bottom and now increase the divergence, promising a continuation of the downtrend. The four-hour chart progresses below exponential moving averages, which confirms the trend change in this market to a downward one in the short term.
The technical picture also speaks in favor of sellers, since the MACD histogram is developing in the area below its central line, and the strength indicator of the current RSI movement has fallen below the 40 line, demonstrating bearish potential in this market in the short term.
Thus, we intend to continue selling this trading instrument today.