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The USD/JPY pair increased a little today only because the US reported positive economic data. The Non-Farm Employment Change and Average Hourly Earnings came in better than expected.
You knew from my previous analyses that the price could develop a larger drop if it drops below 137.65. Technically, today's low of 133.75 represents a downside obstacle. On the other hand, the minor downtrend line represents an upside obstacle.
Staying below the downtrend line and dropping below 133.75 activates more declines. This helps the traders to sell this pair again.
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