Spot suffered a setback to close under the 127.51 Fibo, a negative sign

127.51 Fibo is a 23.6% retrace of the 121.28 to 129.43 (EBS) recent surge

However, another close under 127.51 needed to confirm the downward shift

Those bullish can take comfort from continued positive 14-day momentum

We remain long at 127.40 for a recovery, our stop is under 126.32 Fibo

126.32 Fibo is a 38.2% retrace of the same 121.28 to 129.43 gain

EUR/JPY sees a 135.11-136.16 Wednesday range so far, according to EBS data

USD/JPY Trader TGM2336 Previous update nL2N2WO0FI