A USD/JPY "cloud twist" on March 4 well under 104.00 warns of more losses

Outlook was already negative after a "bull trap" above the 106.08 Fibo

However, bears need a daily close under the 104.84 Fibo to weaken further

104.84 Fibo is 38.2% retrace of the 102.60 to 106.22 (Jan to Feb) rise

Our trailing stop at 105.55 on our 106.05 short as been hit

Looking to fade recovery moves ahead of Monday's 104.84 (EBS) high

USD/JPY Trader TGM2336. Previous update nL1N2KT0EF