Last Thursday USD/JPY closed above 110.15 Fibo but then left a "bull trap"
110.15 is a 76.4% retrace of the 110.97 to 107.48 (March to April) drop
Bull trap is set when a market breaks above a tech level but then reverses
A bearish engulfing pattern has formed last Thursday, Friday also negative
A smaller, white-bodied candle followed by a larger black one
Latest daily close under kijun line at 109.33 weakens further
USD/JPY Trader TGM2336. EUR/JPY sees 133.15-35 range Tuesday so far
Daily Chart: Click here