EUR/JPY – 2H – BUY
BUY
79%
▲ Bullish 79% (28.92)
▼ Bearish 21% (7.83)
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Signal evolution
Signals Fired
| Signals Fired | Category | Weight | |
|---|---|---|---|
| ▼ | Bear Flag | chart_pattern | 4.12 |
| ▲ | SMA Retreat Up | indicator | 2.25 |
| ▲ | Fibonacci Retreat UpTrend (79%) | fibonacci | 2.21 |
| ▲ | STOCHF KD Cross Up | indicator | 2.04 |
| ▲ | CMO Zero Cross Up | indicator | 2.01 |
| ▲ | RSI Midline Cross Up | indicator | 2.01 |
| ▲ | MIDPOINT Retreat Up | indicator | 1.99 |
| ▲ | MA Retreat Up | indicator | 1.97 |
| ▲ | BOP Zero Cross Up | indicator | 1.89 |
| ▲ | MIDPRICE Retreat Up | indicator | 1.88 |
| ▲ | HT TRENDLINE Retreat Up | indicator | 1.83 |
| ▼ | HT SINE Zero Cross Down | indicator | 1.52 |
| ▲ | Bullish Engulfing | candlestick | 1.00 |
| ▲ | Belt Hold Bullish | candlestick | 0.98 |
| ▼ | WILLR OB Entry | indicator | 0.92 |
Trend Context
15MUPTrend forming
30MUPChoppy / sideways
1HUPChoppy / sideways
2HDOWNSolid trend
4HDOWNSolid trend
8HDOWNVery strong trend
12HDOWNSolid trend
1DDOWNChoppy / sideways
Analysis
🎯 Key Takeaways
- Strong bullish momentum signals on the 2H chart suggest a short-term bounce in EUR/JPY.
- The broader trend is bearish, so this is likely a counter-trend move, not a reversal.
- Resistance at 187.467 is the immediate upside target; support at 179.364 is the invalidation level.
- Mixed timeframes mean the bounce may be limited and require close monitoring.
The EUR/JPY 2H signal is strongly bullish, firing a cluster of momentum and pattern signals including a Bear Flag, BOP Zero Cross Up, CMO Zero Cross Up, RSI Midline Cross Up, STOCHF KD Cross Up, WILLR OB Entry, HT TRENDLINE Retreat Up, and MA Retreat Up. This suggests a short-term upward correction within a broader bearish context, as higher timeframes (2H, 4H, 8H, 12H) remain in solid downtrends. The confluence of multiple indicators turning bullish on the 2H chart points to a potential bounce, but the trend alignment is mixed: lower timeframes (15m, 30m, 1h) are bullish but weak, while higher timeframes are bearish. Key levels to watch are resistance at 187.467 and support at 179.364. A break above resistance could signal a deeper retracement, while a loss of support would invalidate the bullish case.
Catalysts
- ▲ Confluence of multiple bullish signals (Bear Flag, RSI, STOCHF, WILLR, MA) on the 2H chart.
- ▲ Higher timeframe trendlines and moving averages retreating up suggest a pullback within the downtrend.
- ▲ Momentum indicators (BOP, CMO, RSI) all crossing up, indicating strengthening buying pressure.
Risk Factors
- ▼ Higher timeframes (4H, 8H, 12H) remain in solid downtrends, which could overwhelm the 2H bullish signals.
- ▼ The 2H trend is bearish, so the bullish signals may only lead to a shallow retracement.
- ▼ If price fails to hold above support at 179.364, the bullish setup would be invalidated.
- ▼ Weak trend scores on lower timeframes suggest the bounce may lack follow-through.
Symbol
EUR/JPY
Timeframe
2H
Direction
BUY
Probability
79%
Strength
STRONG
Date
2026-08-05 06:00
cat_ Forex
Forex
Support & Resistance
| Level | Price | Formed |
|---|---|---|
| R1 | 187.46700 | 2026-07-29 |
| S1 | 179.36400 | 2026-08-03 |