Scope for a drop to 126.56 Fibo, 50% of 101.18-151.94 (2020-2022) EBS rise

14-week momentum remains negative, reinforcing the bearish market structure

Kijun line at 131.00, midpoint of last 26 trading sessions, limits upside

We are short at 129.90 for 126.80, our stop has been lowered to 131.20

USD/JPY Trader TGM2336. Previous update nL1N34H0JO

EUR/JPY range has been 141.31-141.83, on Thursday, so far