Bulls need a close above 133.83 Fibo, 38.2% of 139.38-130.40 (EBS) drop

USD/JPY dropped to trade below the cloud for 1st time since Feb on Tuesday

It then reversed higher setting up a "bear trap", that is usually bullish

Bear trap: a market breaks below a tech level but then subsequently reverses

Daily cloud, now spans the 131.69-133.74 region

EUR/JPY sees a 135.85-136.55 range on Friday so far, according to EBS data

USD/JPY Trader TGM2336. Previous USD/JPY update nL1N2ZG0HB