USD/JPY – 2H – SELL

The 2H SELL signal on USD/JPY is driven by a confluence of technical factors, including a Trendline Retreat Down, BOP Zero Cross Down, STOCH KD Cross Down, and a Fibonacci Break DownTrend at 0%. These signals suggest that the recent bullish correction within the broader downtrend is losing momentum. The presence of a Northern Doji candlestick adds a note of indecision, but the overall bearish alignment across higher timeframes (4H, 8H, 12H, and 1D) supports the sell signal. The EMA Cross 20 50 Golden Cross and HT SINE Cross Up are noted as conflicting signals, but they are on lower timeframes and may represent a temporary bounce.

Trend alignment across timeframes is mixed but leans bearish. While the 15m to 2H timeframes show bullish trends, they are mostly 'trend forming' or 'solid' at best, and the higher timeframes (4H to 1D) are all bearish with strong to very strong trend scores. This suggests that the bearish pressure from the higher timeframes is likely to dominate. Key levels to watch are the nearest resistance at 163.90400, which could cap any upside, and the nearest support at 156.67200, which if broken could accelerate the decline. The Fibonacci break at 0% indicates a loss of a key retracement level, reinforcing the bearish case.