USD/JPY – 30M – SELL

The USD/JPY 30-minute chart has fired a dense cluster of bearish signals including Trendline Retreat Down, multiple bottom retreat patterns, and a cascade of oscillator zero-cross downs (BOP, CCI, CMO) alongside DI and DM cross downs. This confluence suggests strong selling pressure at a key resistance zone, likely rejecting a prior uptrend. The pattern of retreats from double, triple, and trendline bottoms indicates that buyers failed to sustain breaks above these levels, reinforcing the bearish reversal.

While the short-term timeframes (15m to 2h) are consistently bearish, higher timeframes (4h to daily) remain bullish but with weak trend scores. This creates a potential conflict: the selloff may be a corrective pullback within a larger uptrend. Key levels to watch are resistance at 163.947 and support at 163.640. A break below support would confirm bearish continuation, while a reclaim of resistance would invalidate the signal.