EUR/JPY – 1H – SELL

The EUR/JPY 1H signal is strongly bearish, with a very strong probability of 87% and a confluence of multiple technical signals. The chart patterns include a Double Bottom and Triple Bottom, which are typically reversal patterns, but here they are firing in a bearish context, suggesting a potential breakdown rather than a reversal. The Bear Pennant pattern indicates a continuation of the downtrend. Momentum indicators (BOP, CCI, MOM, ROC, ROCR) all show zero cross downs, confirming bearish momentum. The trend across timeframes is consistently bearish, with the strongest trends on the 1H (4/5) and 2H (5/5) timeframes, while the 15m and 1D are choppy/sideways, indicating short-term consolidation but overall bearish bias.

Key levels to watch are the nearest resistance at 185.15700 and support at 179.36400. A break below support could accelerate the decline, while a move above resistance would invalidate the bearish setup. The alignment of multiple signals across different groups (indicator, fibonacci, candlestick, chart_pattern) adds to the conviction. Traders should monitor price action around these levels for confirmation.