EUR/JPY – 2H – SELL

The EUR/JPY 2H chart has fired a dense cluster of bearish signals despite the broader bullish trend across timeframes. Multiple overbought exit signals (STOCH OB Exit, WILLR OB Exit) and bearish crossovers (MACD Signal Cross Up, STOCHF KD Cross Down) indicate short-term exhaustion. The Trendline Retreat Down and Resistance Level Retreat Down confirm rejection at a key resistance area, while the Fibonacci Retreat DownTrend (79% retracement) adds confluence of a potential reversal from a significant retracement level. However, the overall trend remains bullish across all timeframes, with only weak trend scores on the 2H and lower timeframes. This suggests the bearish signals may represent a corrective pullback within the larger uptrend rather than a trend reversal. The nearest support at 185.34200 is a critical level to watch; a break below could accelerate selling, while holding support would reinforce the bullish bias.