USD/JPY chart has turn quite bearish due to recent price action
Saw a close above the tenkan and kijun lines now at 110.36 and 110.48
Then a subsequent big relapse back below , setting up a "bull trap"
A bull trap is set when a mkt breaks above a level but then reverses
Scope is for a drop to the daily cloud that now spans the 109.23-55 region
EUR/JPY sees 129.87-130.20 on EBS. USD/JPY Trader TGM2336nL1N2OQ0FX
Daily Chart: Click here