USD/JPY has managed three weekly closes in a row above the 146.11 Fibo

146.11 Fibo, a 76.4% retrace of the 151.94 to 127.22 (2022 to 2023) EBS fall

That keeps the overall bias firmly on the October 31 2022 148.84 EBS high

14-week momentum remains positive, reinforcing the overall bull structure

Weekly close back sub 146.11 Fibo would signal a bull trap: usually bearish

USD/JPY Trader TGM2336. Previous update nL1N3AK0GC