• Big USD/JPY 135.47-4.12 dive on Wed pierced the daily kijun at 134.21

• A close below the kijun would further weaken the outlook

• Last week's 133.50 lows were caught by the rising 30-DMA, now at 133.93

• A sub-30-DMA close would eye 133.50 & 100-DMA and the cloud base by 133

• Prices set to close below the 21-DMA at 134.55 for the 1st time April 7

• Big bearish engulfing daily candlestick formation Wed weighs as well

• Need a close above the tenkan, 135.57 last, to shake off bearish signals

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