FX traders keep a lid on USD/JPY risking its demise nL1N2IC0NN

Bull trap: Tuesday saw break of 104.67 Fibo, but it failed to close above

104.67 Fibo is a 50% retrace 105.68 to 103.66 November setback

That increases the odds for a deeper drop to Nov's 103.18 low

The tenkan and kijun lines are negative aligned, bearish outlook

Downside risk will be lifted only with a close above the 104.67 Fibo

Trader TGM2336. EUR/JPY range has been 123.91-124.42 on the EBS