During the Asian trading session on Friday, the USD/JPY currency pair is trading with a significant decrease in quotations, remaining within the current support level at 114.37 and the resistance level around 115.41.
The moving averages with a period of 21 and 55 days slowed down and began to move downwards, maintaining the divergence. The four-hour chart progresses between exponential moving averages, confirming the weakening of bulls in this market in the short term.
The technical picture shows the strengthening of bears, as the MACD histogram entered the area just below its central line, and the strength indicator of the current RSI movement dropped to the 40 line, confirming the downward potential in this market in the short term.
Thus, we intend to sell this trading instrument today.