On the hourly chart the currency pair USDJPY established are lower lows which do not coincide with what is indicates the 14-period RSI, where the lows are formed at higher and higher levels.
This bullish divergence coupled with the fact that we are now close to the support at 105.60, may indicate to bounce and move upward. It is worth waiting for confirmation in the form of a closing price above the 20-period moving average which is part of Bollinger Bands.
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