During the Asian trading session on Friday, the USD/JPY currency pair is trading with an increase in quotations, remaining within the current support level at 109.46 and the resistance level around the 110.12 mark.
The moving averages with a period of 21 and 55 days turned up, maintaining the divergence, which allows us to expect the development of an upward trend in this market in the short term. The four-hour chart remains in the area significantly above the exponential moving averages, which confirms the presence of a bullish trend in this market in the short term.
The technical picture also shows the continuation of the initiative for buyers, as the MACD histogram entered the area above its central line, and the strength indicator of the current RSI movement rose to the 60 line, confirming the bullish trend in this market in the short term.
Thus, we intend to buy this trading instrument today.