EUR/JPY – 30M – BUY
BUY
71%
▲ Bullish 71% (18.66)
▼ Bearish 29% (7.58)
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Signal evolution
Signals Fired
| Signals Fired | Category | Weight | |
|---|---|---|---|
| ▼ | Descending Triangle | chart_pattern | 3.69 |
| ▲ | Triple Bottom | chart_pattern | 3.15 |
| ▲ | Double Bottom | chart_pattern | 3.10 |
| ▼ | Trendline Break Down | trendline | 2.83 |
| ▲ | Trendline Break Up | trendline | 2.41 |
| ▼ | HT PHASOR Inphase Cross Down | indicator | 1.73 |
| ▲ | BOP Zero Cross Up | indicator | 1.57 |
| ▲ | T3 Retreat Up | indicator | 1.21 |
| ▲ | Long Legged Doji | candlestick | 1.17 |
| ▲ | Bullish Engulfing | candlestick | 0.55 |
Trend Context
15MDOWNVery strong trend
30MDOWNVery strong trend
1HDOWNVery strong trend
2HDOWNVery strong trend
4HDOWNSolid trend
8HDOWNSolid trend
12HDOWNTrend forming
1DDOWNChoppy / sideways
Analysis
🎯 Key Takeaways
- Bullish reversal patterns on the 30-minute chart, but the broader trend is strongly bearish.
- Key resistance at 185.15700 is the immediate upside target; a break above could confirm the bounce.
- Signal strength is weak, so caution is advised; consider this a counter-trend opportunity.
- Watch for invalidation if price falls below the recent double/triple bottom lows.
The EUR/JPY 30-minute chart has fired a cluster of bullish signals, including a Trendline Break Up, Double Bottom, Triple Bottom, and Descending Triangle, alongside a BOP Zero Cross Up and T3 Retreat Up. These patterns suggest a potential short-term reversal from the prevailing bearish trend. However, the signal strength is weak, with a probability of 61%, and the broader trend across all timeframes remains firmly bearish, with very strong trend scores on the 15m through 2h charts. This creates a conflicting picture: the intraday patterns hint at a bounce, but the higher timeframes (4h to 1d) still lean bearish, with the daily chart showing choppy/sideways action.
Traders should watch the nearest resistance at 185.15700 as a key upside target. A break above this level could confirm the bullish reversal and attract further buying. Conversely, if the price fails to hold above the recent lows (the double/triple bottom area), the bullish signal would be invalidated, and the bearish trend could resume. Given the weak signal strength and strong bearish trend on higher timeframes, any long position should be treated as a counter-trend trade with tight risk management.
Traders should watch the nearest resistance at 185.15700 as a key upside target. A break above this level could confirm the bullish reversal and attract further buying. Conversely, if the price fails to hold above the recent lows (the double/triple bottom area), the bullish signal would be invalidated, and the bearish trend could resume. Given the weak signal strength and strong bearish trend on higher timeframes, any long position should be treated as a counter-trend trade with tight risk management.
Catalysts
- ▲ Multiple bullish chart patterns (Double Bottom, Triple Bottom, Descending Triangle) converging on the 30-minute timeframe.
- ▲ Trendline Break Up signals a shift in short-term momentum.
- ▲ BOP Zero Cross Up and T3 Retreat Up indicate improving buying pressure and a potential pullback in the downtrend.
- ▲ The daily trend is choppy/sideways, which may allow for a counter-trend rally.
Risk Factors
- ▼ Strong bearish trend across all timeframes, especially very strong on 15m through 2h, could overpower the bullish reversal.
- ▼ Signal strength is weak, suggesting limited conviction behind the bullish move.
- ▼ If price fails to break above 185.15700, the bullish signal may fade and the downtrend could resume.
- ▼ A break below the recent swing lows would invalidate the bullish patterns and likely lead to further downside.
Symbol
EUR/JPY
Timeframe
30M
Direction
BUY
Probability
71%
Strength
MODERATE
Date
2026-08-03 06:00
cat_ Forex
Forex
Support & Resistance
| Level | Price | Formed |
|---|---|---|
| R1 | 185.15700 | 2026-07-31 |
| R2 | 187.42200 | 2026-07-30 |
| R3 | 187.46700 | 2026-07-29 |