During the Asian trading session on Wednesday, the USD/JPY currency pair is trading with an increase in quotations, remaining within the current support level at 114.06 and the resistance level around 115.17.
The moving averages with a period of 21 and 55 days have accelerated and continue to move upwards, increasing the divergence in the short-term perspective. The four-hour chart progresses noticeably above exponential moving averages, confirming the advantage of bulls in this market in the short term.
The technical picture also demonstrates the advantage of buyers, since the MACD histogram remains in the area above its central line, and the strength indicator of the current RSI movement has risen above the 60 line, confirming the upward potential in this market in the short term.
Thus, we intend to buy this trading instrument today.