USD/JPY tested above but failed to close over 55-DMA - now 132.46

Monday's rally challenged and failed close base daily Ichimoku cloud

Thick (stronger resistance) and falling daily cloud is 133.00-139.18

Cloud has the potential to define the peak of future ranges

In contrast USD/JPY rising over peak weekly Ichimoku cloud 130.95-124.25

Together with 55-DMA, the 55-WMA at 132.59 may prove key

Closes in relation 55-MAs may determine direction of future ranges

Closes below may seen ranges sink from 128-133 into 125-130 area

Closes over 55-MAs may see ranges rise steeply, weekly cloud top 134 in Mar

The loss of momentum in FX markets is key nL1N34U0JC