During the Asian trading session on Thursday, the USD/JPY currency pair is trading with a slight decrease in quotes, remaining within the current support level at 109.56 and the resistance level around 110.22.
The moving averages with a period of 21 and 55 days turned up, maintaining a slight discrepancy, which allows us to expect the development of an upward trend in this market in the short term. The four-hour chart has entered the area above the exponential moving averages, which confirms the advantage of an uptrend 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.