USD/JPY – 1H – BUY

The USD/JPY 1H chart has fired a strong bullish signal (83% probability) driven by a confluence of technical events: a Trendline Break Down (suggesting the prior downtrend line has been broken to the upside), a Double Top Retreat Up (indicating rejection of a resistance level and reversal), and multiple oscillator crossovers (RSI exit from oversold, STOCHF KD cross up, BOP zero cross up) alongside ADX confirming a strong trend. The HT PHASOR Inphase Cross Up and HT SINE Zero Cross Down add further bullish cycle alignment. However, the broader timeframe context is mixed: the 1H trend is still bearish (trend forming), and higher timeframes (4H, 8H) are bearish and choppy, while daily and 12H are bullish but still forming. This suggests the signal may represent a counter-trend bounce within a larger bearish structure. Key levels to watch: resistance at 163.90400 (nearest) and support at 162.66700. A break above resistance could confirm a larger reversal, while failure to hold support would invalidate the bullish case.