Spot broke but failed to close above the 144.86 Fibo on Thursday and Friday

144.86 Fibo is a 23.6% retrace of the 161.96 to 139.58 (Jul to Sep) EBS drop

Bull trap: set when a market breaks above a tech level but then reverses

Bull trap is usually a bearish sign, expect losses to retest 2024 139.58 low

Large upper shadow, that formed on Friday's candle, is an upside rejection

USD/JPY trader TGM2336. Previous update nL1N3L908K