USD/JPY – 30M – BUY

USD/JPY on the 30-minute timeframe has triggered a cluster of bullish signals, including Trendline Retreat Up, BOP Zero Cross Up, and multiple moving average retreats (EMA 200, SMA 200), alongside stochastic and Williams %R oversold exits. This suggests a potential reversal from the recent bearish momentum, with the price bouncing off a trendline and key moving averages. The confluence of these signals points to a short-term bullish bias, but the overall trend across timeframes is mixed: lower timeframes (15m to 2h) remain bearish, while higher timeframes (4h to daily) are bullish. This divergence indicates that the current bullish move may be a counter-trend rally within a larger bullish structure, or a temporary bounce before further downside.

Key levels to watch are the nearest resistance at 163.94700 and support at 163.64000. A break above resistance could confirm the bullish reversal and open the door to higher targets, while a failure to hold support would invalidate the signal and suggest continued bearish pressure. Traders should monitor price action around these levels for confirmation.