EUR/JPY – 4H – KAUF

The 4H chart for EUR/JPY has fired a cluster of bullish signals, including a Bear Flag pattern, BOP Zero Cross Up, CCI OB Exit, and several retreat-up signals (MAMA, MIDPOINT, SMA). These suggest that the recent bearish move may be pausing or reversing, with buyers stepping in after a period of selling pressure. The confluence of these signals on the 4H timeframe points to a potential upward correction or trend reversal, especially as the price approaches the nearest support at 179.36400. However, the broader trend context is mixed: while the 15m and 30m timeframes show bullish formation, the higher timeframes (2H through 12H) remain bearish, with the 8H showing a very strong downtrend. This suggests that any bullish move on the 4H could be counter-trend and may face strong resistance from the larger bearish structure.

Key levels to watch are the nearest resistance at 187.46700, which aligns with the prior highs and could cap upside, and the nearest support at 179.36400, which is the immediate floor. A break above resistance would signal stronger bullish momentum, while a loss of support would invalidate the bullish signal and likely resume the downtrend. The signal probability is high at 84% with strong strength, but given the conflicting higher timeframe trends, traders should be cautious and wait for confirmation, such as a close above key resistance or a sustained move higher on higher timeframes.