EUR/JPY – 4H – BUY
BUY
74%
▲ Bullish 74% (7.46)
▼ Bearish 26% (2.63)
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Signal evolution
Signals Fired
| Signals Fired | Category | Weight | |
|---|---|---|---|
| ▼ | Double Top | chart_pattern | 2.26 |
| ▲ | RSI OS Exit | indicator | 1.81 |
| ▲ | CCI OS Exit | indicator | 1.75 |
| ▼ | Trendline Break Down | trendline | 1.50 |
| ▲ | WILLR OS Exit | indicator | 1.50 |
| ▲ | STOCH KD Cross Up | indicator | 1.28 |
| ▲ | BOP Zero Cross Up | indicator | 1.23 |
| ▲ | Fibonacci Break UpTrend (0%) | fibonacci | 1.19 |
| ▲ | Above The Stomach | candlestick | 0.95 |
| ▲ | Closing Marubozu Bullish | candlestick | 0.95 |
Trend Context
15MDOWNVery strong trend
30MDOWNSolid trend
1HDOWNVery strong trend
2HDOWNVery strong trend
4HDOWNSolid trend
8HDOWNSolid trend
12HDOWNTrend forming
1DDOWNChoppy / sideways
Analysis
🎯 Key Takeaways
- Multiple bullish reversal signals fired on the 4H chart, including trendline break, double top, and oscillator exits from oversold.
- The broader trend remains bearish across most timeframes, so this is a counter-trend signal with moderate strength.
- Watch the key levels: resistance at 187.46700 and support at 183.74900.
- A break above resistance could signal a stronger reversal, while a break below support would negate the bullish setup.
The 4H EUR/JPY chart has fired a cluster of bullish signals, including a Trendline Break Down, Double Top, BOP Zero Cross Up, and multiple oscillator exits from oversold conditions (CCI, RSI, STOCH, WILLR). These signals suggest that selling pressure is exhausting and a bullish reversal may be underway. The Fibonacci Break UpTrend (0%) adds confluence, indicating that price has broken above a key retracement level, reinforcing the bullish case.
However, the broader trend across timeframes remains bearish, with solid to very strong bearish trends on the 15m through 8H charts. This creates a conflict: the short-term reversal signals are fighting against the dominant downtrend. The 1D chart is choppy/sideways, offering little directional bias. Key levels to watch are resistance at 187.46700 and support at 183.74900. A sustained move above resistance would strengthen the bullish case, while a break below support would invalidate the reversal signals.
However, the broader trend across timeframes remains bearish, with solid to very strong bearish trends on the 15m through 8H charts. This creates a conflict: the short-term reversal signals are fighting against the dominant downtrend. The 1D chart is choppy/sideways, offering little directional bias. Key levels to watch are resistance at 187.46700 and support at 183.74900. A sustained move above resistance would strengthen the bullish case, while a break below support would invalidate the reversal signals.
Catalysts
- ▲ Confluence of multiple bullish signals: trendline break, double top, and Fibonacci break.
- ▲ Oscillator exits from oversold conditions (RSI, CCI, STOCH, WILLR) suggest momentum is turning up.
- ▲ BOP zero cross up indicates buying pressure is increasing.
- ▲ The 1D chart is choppy, not strongly bearish, allowing room for a bounce.
Risk Factors
- ▼ Dominant bearish trend across 15m to 8H timeframes could overpower the reversal attempt.
- ▼ Resistance at 187.46700 is nearby and may cap upside.
- ▼ If price breaks below support at 183.74900, the bullish signals would be invalidated.
- ▼ Momentum may fade if the reversal fails to gain traction, leading to a continuation of the downtrend.
Symbol
EUR/JPY
Timeframe
4H
Direction
BUY
Probability
74%
Strength
MODERATE
Date
2026-07-31 12:00
cat_ Forex
Forex
Support & Resistance
| Level | Price | Formed |
|---|---|---|
| R1 | 187.46700 | 2026-07-29 |
| S1 | 183.74900 | 2026-07-02 |
| S2 | 183.16600 | 2026-06-24 |