JPY reaction at 37.2677 seems pretty telling for now

Been watching $JPY today, and that move back from 37.2677 really caught my eye. We saw it try to push above earlier, but the rejection there, coming back down, suggests some solid resistance building up. It's not a clear-cut double top or anything textbook, but the price action around that level implies a lot of selling interest stepped in.

My take is that a sustained break above 37.2677, with some consolidation, would invalidate this immediate bearish lean. Otherwise, I'm anticipating further pressure downward, at least in the short term, with that area acting as a ceiling. Below 37.04 and we're likely testing lower supports. The current daily range between 37.04 and 37.63 is keeping things contained for now, but that upper boundary is proving tough to crack.