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 109.57 and the resistance level around the 110.55 mark.
The moving averages with a period of 21 and 55 days have turned up and are growing, gradually increasing the divergence, which allows us to expect the formation of an upward trend in this market in the short term. The four-hour chart entered the area just above the exponential moving averages, which confirms the development of an uptrend in this market in the short term.
The technical picture also shows a slight strengthening of the bulls, as the MACD histogram entered the area just 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.
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