USD/JPY – 2H – BUY
BUY
79%
▲ Bullish 79% (36.82)
▼ Bearish 21% (9.66)
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Signal evolution
Signals Fired
| Signals Fired | Category | Weight | |
|---|---|---|---|
| ▼ | Double Top | chart_pattern | 3.12 |
| ▼ | SMA CROSS 20 50 Death Cross | indicator | 2.25 |
| ▲ | Fibonacci Break UpTrend (0%) | fibonacci | 2.09 |
| ▼ | Trendline Break Down | trendline | 1.99 |
| ▲ | BOP Zero Cross Up | indicator | 1.95 |
| ▲ | Trendline Retreat Up | trendline | 1.88 |
| ▲ | Support Level Retreat Up | sr | 1.80 |
| ▲ | EMA 200 Retreat Up | indicator | 1.78 |
| ▲ | WILLR OS Exit | indicator | 1.68 |
| ▼ | AROON Cross Down | indicator | 1.49 |
| ▼ | AROONOSC Zero Cross Down | indicator | 1.49 |
| ▲ | Double Top Retreat Up | chart_pattern | 1.43 |
| ▲ | HT SINE Zero Cross Up | indicator | 1.40 |
| ▼ | AROON Strong Downtrend | indicator | 1.28 |
| ▲ | Bullish Harami | candlestick | 1.24 |
Trend Context
15MDOWNVery strong trend
30MDOWNSolid trend
1HDOWNTrend forming
2HDOWNTrend forming
4HDOWNChoppy / sideways
8HDOWNChoppy / sideways
12HUPTrend forming
1DUPTrend forming
Analysis
🎯 Key Takeaways
- Multiple bearish signals on 2H, but overall direction is buy.
- Short-term timeframes (15m-4H) are bearish, while higher timeframes (12H-1D) are bullish.
- Key resistance at 163.947 and support at 163.325 are critical levels.
- The buy signal is weak (56% probability) and may face headwinds from lower timeframe trends.
USD/JPY on the 2H timeframe is exhibiting a confluence of bearish signals despite the overall buy direction. The chart shows a trendline break down followed by a retreat up, a double top pattern with a subsequent retreat up, and multiple indicator confirmations including AROON cross down and BOP zero cross up. However, the trend across timeframes is predominantly bearish from 15m to 4H, with bullish trends only appearing on higher timeframes (12H and 1D). This creates a conflicting picture where short-term bearish momentum may outweigh the buy signal. Key levels to watch are resistance at 163.947 and support at 163.325. A break below support could invalidate the bullish case.
Catalysts
- ▲ Confluence of bearish patterns (double top, trendline break) on 2H.
- ▲ AROON cross down and strong downtrend indicators reinforce bearish momentum.
- ▲ BOP zero cross up suggests buying pressure may be emerging.
- ▲ Higher timeframe bullish trends (12H, 1D) provide long-term support.
Risk Factors
- ▼ Short-term timeframes (15m-4H) are strongly bearish, conflicting with the buy signal.
- ▼ The buy signal is weak (56% probability) and may be a false positive.
- ▼ A break below support at 163.325 could invalidate the bullish case.
- ▼ Fading momentum on lower timeframes may lead to a reversal.
Symbol
USD/JPY
Timeframe
2H
Direction
BUY
Probability
79%
Strength
STRONG
Date
2026-07-29 22:00
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 |