USD/JPY failed above the broken 153.41 Fibo, leaving a "bull trap"

153.41 Fibo is a 61.8% retrace of the 161.96 to 139.58 2024 (EBS) drop

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

It is usually a bearish sign and points to a likely new top in the market

Expect losses to the kijun line, now at 150.32

USD/JPY trader TGM2336. Previous update nL1N3ME0HB