EUR/JPY – 30M – SELL

The EUR/JPY 30-minute chart has fired a dense cluster of bearish signals, including a Trendline Retreat Down, Double Bottom Retreat Down, and multiple zero-line crosses on BOP, CMO, and RSI, alongside STOCHF KD and DEMA retreats. This confluence indicates strong selling pressure at the current level, with price retreating from a trendline and a completed double bottom pattern. The 30-minute trend is bearish but choppy, while the 8-hour and 12-hour timeframes show solid bearish trends, suggesting the intraday move aligns with the larger downtrend. However, the 2-hour and 4-hour timeframes are still bullish, which could provide a counter-trend bounce.

Key levels to watch are the nearest resistance at 183.93200 and support at 183.55000. A break below support would confirm the bearish continuation, while a reclaim of resistance would invalidate the setup. The high probability (96%) and very strong strength reflect the extensive signal alignment, but the mixed higher timeframe trends warrant caution. Traders should monitor price action around these levels, as a failure to hold below resistance could signal a false breakout.