USD/JPY – 2H – BUY
BUY
94%
▲ Bullish 94% (55.70)
▼ Bearish 6% (3.36)
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Signal evolution
Signals Fired
| Signals Fired | Category | Weight | |
|---|---|---|---|
| ▼ | Double Top | chart_pattern | 3.12 |
| ▼ | Trendline Break Down | trendline | 1.99 |
| ▼ | HT SINE Cross Down | indicator | 1.94 |
| ▲ | Fibonacci Break UpTrend (0%) | fibonacci | 1.93 |
| ▲ | BOP Zero Cross Up | indicator | 1.88 |
| ▲ | STOCHF KD Cross Up | indicator | 1.82 |
| ▲ | Trendline Retreat Up | trendline | 1.80 |
| ▲ | EMA 200 Retreat Up | indicator | 1.71 |
| ▲ | Support Level Retreat Up | sr | 1.70 |
| ▼ | MACD Zero Cross Down | indicator | 1.48 |
| ▲ | Double Top Retreat Up | chart_pattern | 1.18 |
Trend Context
15MUPSolid trend
30MDOWNSolid trend
1HDOWNTrend forming
2HDOWNTrend forming
4HDOWNChoppy / sideways
8HUPChoppy / sideways
12HUPTrend forming
1DUPTrend forming
Analysis
🎯 Key Takeaways
- Multiple reversal signals (Trendline Retreat Up, Double Top Retreat Up) suggest a potential bullish reversal after a downtrend.
- Mixed trend across timeframes indicates indecision; the 2H signal is attempting to shift momentum.
- Key levels: resistance 163.947, support 163.325. A break above resistance strengthens the bullish case.
The USD/JPY 2H chart has fired a mix of bullish and bearish signals, but the net direction is BUY. A Trendline Break Down and Double Top suggest prior selling pressure, yet the subsequent Trendline Retreat Up and Double Top Retreat Up indicate a reversal. The BOP Zero Cross Up and STOCHF KD Cross Up confirm buying momentum, while the MACD Zero Cross Down is a bearish divergence that warrants caution. The EMA 200 Retreat Up shows long-term support holding. The overall trend is mixed: lower timeframes (15m) are bullish, but 30m-4h are bearish, while 8h-1d are bullish. This suggests a potential bottoming process. Key resistance is at 163.947, support at 163.325. A break above resistance would confirm the bullish reversal.
Catalysts
- ▲ Bullish reversal patterns (Trendline Retreat Up, Double Top Retreat Up) on 2H.
- ▲ BOP Zero Cross Up and STOCHF KD Cross Up indicate increasing buying pressure.
- ▲ EMA 200 Retreat Up shows long-term support holding, aligning with higher timeframe bullish trends (8H-1D).
Risk Factors
- ▼ MACD Zero Cross Down is a bearish divergence that could limit upside.
- ▼ Higher timeframes (30m-4H) are bearish, conflicting with the 2H buy signal.
- ▼ Failure to break above resistance 163.947 could lead to a false breakout and renewed selling.
- ▼ Weak signal strength (58%) and mixed trend scores reduce confidence.
Symbol
USD/JPY
Timeframe
2H
Direction
BUY
Probability
94%
Strength
VERY STRONG
Date
2026-07-29 08:00
cat_ Forex
Forex
Support & Resistance
| Level | Price | Formed |
|---|---|---|
| R1 | 163.94700 | 2026-07-28 |
| R2 | 163.98400 | 2026-07-23 |
| S1 | 163.32500 | 2026-07-27 |
| S2 | 162.20100 | 2026-07-20 |
| S3 | 161.89100 | 2026-07-15 |
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