EUR/JPY – 30M – VENTA

The EUR/JPY 30-minute chart has fired a dense cluster of bearish signals: a Trendline Break Up, a Falling Wedge, and a cross-down of the BOP, CCI, CMO, MOM, ROC, and ROCR indicators. Together with over 20 additional bearish signals across chart patterns, Fibonacci, trendline, support/resistance, and candlestick groups, this forms a high-probability (87%), very-strong confluence that the pair is about to continue its downward path. The breakout from a falling wedge, a classic bearish continuation pattern, alongside negative momentum zero-line crosses, points to renewed selling pressure in the short term.
The broader trend alignment reinforces the bearish case. The same analysis timeframe (30m) shows a clear bearish trend, and higher timeframes—from 1h to 12h—also exhibit solid to very strong bearish trends, with the 1d timeframe just beginning its bearish descent. This multi-timeframe harmony indicates that the selloff is being driven by larger forces. The nearest resistance sits at 181.49000, and the nearest support is at 180.22700. With the price currently below the broken wedge and a cluster of momentum indicators turning down, a retest of that support level seems likely, while a sustained move above the resistance would invalidate the bearish scenario.