USD/JPY continues to trade within the cloud, that now spans 145.01-151.82

Spot closed for six days in a row above the 148.13 Fibo, a very bullish sign

148.13 Fibo is a 38.2% retrace of the 161.96-139.58 (July-Sept) EBS drop

That increases the scope for much bigger gains to the daily cloud top

A break under last week's 147.35 low would warn of an upside rejection

USD/JPY trader TGM2336. Previous update nL1N3LN08F

USD/JPY will likely probe 150 barriers for three reasons nL1N3LN0GE