USD/JPY bulls have fought back trapping bears under the broken 104.55 Fibo

104.55 Fibo is a 38.2% retrace of the 102.60 to 105.76 (Jan to Feb) rise

A "bear trap" is set when a market breaks under a level but quickly reverses

Good chance we will get a recovery back to retest the 200-DMA, now at 105.55

EUR/JPY has seen a 127.01-127.22 EBS range on Friday

USD/JPY Trader TGM2336. We are still long at 104.85 for a recovery

USD/JPY bears need a close under broken Fibo to tighten grip nL1N2KH0KD