USD/JPY – 4H – BUY

The 4H USD/JPY chart has fired a cluster of bullish signals, including a Double Top pattern (which typically signals a bearish reversal, but here it may be interpreted as a completed pattern leading to a bounce), a BOP Zero Cross Up, and several oversold exit signals (CCI, CMO, RSI, WILLR) alongside a STOCHF KD Cross Up and a bullish Closing Marubozu candlestick. These signals collectively suggest that selling pressure may be exhausting and a short-term bounce is likely. However, the broader trend across all timeframes is bearish, with the 1H and 2H showing very strong downtrends. This creates a conflict: the intraday momentum is turning bullish, but the higher-timeframe trend remains firmly down. The nearest resistance is at 163.94700, which could act as a ceiling for any bounce. Traders should watch whether the bounce can reclaim this level or if it stalls, as the overall trend favors further downside.