USDJPY got close to the 100/200 day atthe top, and close to the 100 hour MA at the low | Forexlive

The USDJPY extended to a new cycle high up to 136.899. That got to within 24 pips of the near converged 100/200 day MAs (blue and green lines).

The move back to the downside, has now taken the price to a low of 135.726. That is within 7 pips of the rising 100 hour MA at 135.65. The price has bounced and trades at 136.11.

The close yesterday came in at 136.152. A close below that level would be an outside day, lower close. That is considered a bearish bias