USD/JPY – 2H – BUY

The USD/JPY 2H signal fires a cluster of bullish technical triggers, including a Bear Flag pattern, multiple zero-cross up signals (BOP, MOM, ROC, ROCR), and oversold exits on RSI and Williams %R, alongside a Stoch KD cross up. These signals collectively indicate a potential bullish reversal or corrective bounce within a broader bearish trend. The confluence of momentum, oscillator, and pattern-based signals suggests that buying pressure is building after a period of downside, with the Bear Flag pattern hinting at a possible upside breakout.

Across timeframes, the trend is bearish on all frames, with very strong trend scores on the 1H and 2H, solid on 15m, 30m, 4H, and 12H, and trend forming on 8H and 1D. This alignment suggests the bearish trend is dominant, but the 2H bullish signals may indicate a short-term counter-trend move. Key levels to watch are the nearest resistance at 163.90400, which could act as a target or barrier, and the nearest support at 157.96900, which is a critical level; a break below this support would invalidate the bullish case and signal a continuation of the downtrend.