USD/JPY – 12H – SELL
SELL
65%
▲ Bullish 35% (6.21)
▼ Bearish 65% (11.71)
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Signal evolution
Signals Fired
| Signals Fired | Category | Weight | |
|---|---|---|---|
| ▼ | Double Top | chart_pattern | 3.11 |
| ▼ | STOCHRSI KD Cross Down | indicator | 1.57 |
| ▼ | BOP Zero Cross Down | indicator | 1.48 |
| ▲ | Takuri Line | candlestick | 1.06 |
| ▲ | Dragonfly Doji | candlestick | 0.99 |
Trend Context
15MDOWNTrend forming
30MDOWNChoppy / sideways
1HDOWNChoppy / sideways
2HDOWNSolid trend
4HDOWNVery strong trend
8HDOWNVery strong trend
12HDOWNVery strong trend
1DDOWNSolid trend
Analysis
🎯 Key Takeaways
- Multiple bearish signals (Double Top, BOP, STOCHRSI, candlesticks) align on the 12H chart.
- Trend is strongly bearish across higher timeframes (4H, 8H, 12H), supporting the sell signal.
- Key resistance at 163.98400 is the level to watch; a break below confirms the bearish move.
- No immediate support is defined, so downside could be swift if momentum persists.
The USD/JPY 12H chart has fired a cluster of bearish signals, including a Double Top pattern, a BOP Zero Cross Down, a STOCHRSI KD Cross Down, a Dragonfly Doji, and a Takuri Line. These signals align across multiple timeframes, with the 4H, 8H, and 12H charts all showing very strong bearish trends (4/5), and the 2H and 1D charts showing solid bearish trends (3/5). The confluence of chart pattern, candlestick, and indicator signals reinforces the bearish outlook, suggesting that the recent rally has stalled and a reversal is likely.
The nearest resistance is at 163.98400, which is likely the level where the Double Top was confirmed. A break below this level could open the door for further downside. However, there is no clear nearest support level, which means the market may be in a vacuum below the current price, potentially leading to a sharp move if the bearish momentum continues. Traders should watch for a close below the resistance-turned-support to confirm the bearish bias.
The nearest resistance is at 163.98400, which is likely the level where the Double Top was confirmed. A break below this level could open the door for further downside. However, there is no clear nearest support level, which means the market may be in a vacuum below the current price, potentially leading to a sharp move if the bearish momentum continues. Traders should watch for a close below the resistance-turned-support to confirm the bearish bias.
Catalysts
- ▼ Strong alignment of bearish trends across 4H, 8H, and 12H timeframes (all 4/5 strength).
- ▼ Confluence of chart pattern (Double Top), candlestick patterns (Dragonfly Doji, Takuri Line), and indicators (BOP, STOCHRSI).
- ▼ The Double Top pattern is a classic reversal signal that often leads to sustained moves.
- ▼ The STOCHRSI cross down and BOP zero cross down confirm weakening buying pressure.
Risk Factors
- ▲ The 15m, 30m, and 1H timeframes show only weak or choppy bearish trends, which may lead to short-term pullbacks.
- ▲ If price fails to break below the 163.98400 resistance, the bearish signal may be invalidated.
- ▲ The absence of a defined support level means there is no clear target, and the move could be volatile.
- ▲ A bullish reversal pattern or a break above the Double Top neckline would negate the signal.
Symbol
USD/JPY
Timeframe
12H
Direction
SELL
Probability
65%
Strength
MODERATE
Date
2026-08-05 12:00
cat_ Forex
Forex
Support & Resistance
| Level | Price | Formed |
|---|---|---|
| R1 | 163.98400 | 2026-07-23 |
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