USD/JPY – 12H – SELL

The USD/JPY 12H chart has triggered a dense cluster of bearish signals, including a Double Top pattern, MACD Zero Cross Down, and breakdowns below DEMA, EMA, KAMA, and MA lines, alongside a higher-timeframe trendline break. This confluence, reinforced by WILLR oversold entry and multiple additional signals across indicator, chart pattern, Fibonacci, support/resistance, and divergence groups, points to strong selling pressure. The trend is bearish across all timeframes from 15m to 1d, with the strongest momentum in the 1H and 2H frames (4/5), indicating solid alignment and follow-through.

Key resistance sits at 163.98400, which now serves as a critical pivot; a retest of this level could offer a selling opportunity if rejected. With no immediate support defined, the downside is open, but traders should watch for potential bounce zones from prior structure or psychological levels. The very strong probability (96%) and high signal count suggest a high-conviction setup, yet the absence of a clear support level increases the risk of sharp counter-trend rallies. Maintaining discipline with stop-losses above the resistance is essential.