Bulls suffer a setback, puts further gains to Sept 1998 139.95 high in doubt

Thursday's daily close under 137.52 Fibo, has weaken the outlook

Another close under the 137.52 level would likely lead to a much bigger drop

137.52 Fibo is a 23.6% retrace of 131.49-139.38 rise

Positive alignment of the tenkan and kijun lines give bulls hope, however

EUR/JPY sees a 139.75-140.69 Friday range so far, according to EBS data

USD/JPY Trader TGM2336. Previous USD/JPY update nL1N2Z20CP