USD/JPY – 2H – SELL
SELL
87%
▲ Bullish 13% (4.85)
▼ Bearish 87% (33.15)
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Signal evolution
Signals Fired
| Signals Fired | Category | Weight | |
|---|---|---|---|
| ▼ | Bear Flag | chart_pattern | 4.12 |
| ▼ | Fibonacci Break DownTrend (0%) | fibonacci | 2.31 |
| ▼ | STOCH KD Cross Down | indicator | 2.04 |
| ▲ | WILLR OB Exit | indicator | 1.76 |
| ▼ | BOP Zero Cross Down | indicator | 1.57 |
| ▼ | Last Engulfing Top | candlestick | 1.18 |
| ▼ | Bearish Engulfing | candlestick | 1.07 |
Trend Context
15MDOWNTrend forming
30MDOWNChoppy / sideways
1HDOWNChoppy / sideways
2HDOWNVery strong trend
4HDOWNVery strong trend
8HDOWNVery strong trend
12HDOWNSolid trend
1DDOWNSolid trend
Analysis
🎯 Key Takeaways
- Multiple bearish signals converge on the 2H timeframe, including a Bear Flag and Bearish Engulfing, pointing to continued downside.
- The trend is bearish across all timeframes, with very strong momentum on the 2H, 4H, and 8H, reinforcing the sell signal.
- Watch the nearest support at 155.224 as a potential target, while a break above 163.904 would invalidate the bearish setup.
The USD/JPY 2H chart has fired a dense cluster of bearish signals, including a Bear Flag continuation pattern, a Bearish Engulfing candlestick, and a Last Engulfing Top. These are reinforced by momentum indicators: the BOP Zero Cross Down, STOCH KD Cross Down, and WILLR OB Exit all point to selling pressure, while the Fibonacci Break DownTrend (0%) confirms that price has broken below the 0% retracement level, aligning with the broader downtrend.
Trend alignment across timeframes is strongly supportive of the sell signal. The 2H, 4H, and 8H timeframes all show very strong bearish trends (4/5), and the daily and 12H are solidly bearish (3/5). Shorter timeframes (15m, 30m, 1h) are also bearish, though with lower trend scores, indicating the pullback that formed the bear flag has resolved. The nearest support sits at 155.224, a significant distance from current price, suggesting room for downside before major support. Resistance is at 163.904, which acts as a key invalidation zone if price rallies back above it.
Trend alignment across timeframes is strongly supportive of the sell signal. The 2H, 4H, and 8H timeframes all show very strong bearish trends (4/5), and the daily and 12H are solidly bearish (3/5). Shorter timeframes (15m, 30m, 1h) are also bearish, though with lower trend scores, indicating the pullback that formed the bear flag has resolved. The nearest support sits at 155.224, a significant distance from current price, suggesting room for downside before major support. Resistance is at 163.904, which acts as a key invalidation zone if price rallies back above it.
Catalysts
- ▼ Strong bearish trend alignment across 2H, 4H, and 8H timeframes (all 4/5 trend score).
- ▼ Confluence of chart pattern (Bear Flag) and candlestick patterns (Bearish Engulfing, Last Engulfing Top).
- ▼ Momentum indicators (BOP, STOCH, WILLR) all signal downside, confirming the bearish pressure.
- ▼ Fibonacci Break DownTrend (0%) confirms price has broken below a key retracement level.
Risk Factors
- ▲ If price rallies back above the nearest resistance at 163.904, the bearish signal would be invalidated.
- ▲ Shorter timeframes (15m, 30m, 1h) show weaker trend scores, suggesting potential for choppy price action or a short-term bounce.
- ▲ The distance to the nearest support is large, so the move may not reach that level in one go; watch for intermediate support zones.
- ▲ A sudden news event or shift in risk sentiment could reverse the dollar-yen trend despite the technical alignment.
Symbol
USD/JPY
Timeframe
2H
Direction
SELL
Probability
87%
Strength
VERY STRONG
Date
2026-08-05 02:00
cat_ Forex
Forex
Support & Resistance
| Level | Price | Formed |
|---|---|---|
| R1 | 163.90400 | 2026-07-29 |
| R2 | 163.94700 | 2026-07-28 |
| R3 | 163.98400 | 2026-07-23 |
| S1 | 155.22400 | 2026-08-03 |
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