USD/JPY – 30M – SELL

The USD/JPY 30-minute chart has fired a cluster of bearish signals, including a Double Top and Triple Top pattern, a trendline break to the downside, and a Fibonacci retracement at the 0% level, all pointing to sustained selling pressure. The candlestick pattern (Belt Hold Bullish) and short-term indicator crosses (BOP and STOCHF) suggest a minor upward bounce, but these are likely corrective within the larger downtrend. The trend across all timeframes, from 15 minutes to daily, is consistently bearish, with strong trend scores (4/5) on the 30-minute, 1-hour, and 2-hour charts, confirming that the bearish momentum is well-established.

Key levels to watch include the nearest resistance at 160.53100, which could act as a ceiling for any corrective moves. Since no nearest support is provided, traders should watch for a break below recent swing lows to confirm continuation. The confluence of multiple bearish signals across different pattern types (chart patterns, trendlines, and Fibonacci) strengthens the case for a continued decline, but the presence of bullish short-term signals and the lack of a defined support level introduce some uncertainty. Overall, the bias remains bearish as long as price stays below the resistance and the broader trend remains down.