Last Friday USD/JPY managed to register a weekly close above the 146.11 Fibo

146.11 Fibo is a 76.4% retrace of the 151.94-127.22 (2022-2023) EBS fall

But it is now on course to close back below the 146.11 Fibo this Friday

That would be a bull trap that would increase the scope for a bigger setback

A bull trap is set when a market breaks above a tech level but then reverses

USD/JPY Trader TGM2336. Previous update nL1N3AC0I2