Daily chart is negative after last week's failure ahead of the 149.43 Fibo

149.43 Fibo is 38.2% of the 161.96-141.68 (July to August) EBS drop

Fourteen-day momentum remains negative, highlighting the bearish market

Scope is growing for a slump to retest the August 141.68 low, eventually

We are looking to get short at 146.80, which is ahead of the tenkan line

Tenkan line, midpoint of the last nine trading days, currently at 146.93

USD/JPY trader TGM2336. Previous update nL1N3K8083