USD/JPY – 8H – BUY

The USD/JPY 8H chart has fired a cluster of bullish signals, including Trendline Retreat Up, BOP Zero Cross Up, CMO Zero Cross Up, RSI Midline Cross Up, STOCHF KD Cross Up, WILLR OB Entry, DEMA Retreat Up, and HT TRENDLINE Retreat Up, alongside additional signals from trendline, indicator, candlestick, and Fibonacci groups. This confluence suggests strong upward momentum is building on the 8H timeframe, with multiple oscillators turning bullish from oversold or midline conditions. The presence of both DEMA and HT TRENDLINE retreats underscores that price is bouncing off dynamic support, while the BOP and CMO zero cross ups indicate improving buying pressure and momentum shifts.

However, the higher timeframes (12H and 1D) remain bearish with solid trends, while lower timeframes (15m to 4H) are also bearish, mostly choppy. This creates a conflicting picture: the 8H signal is a counter-trend bounce against the broader bearish structure. The nearest resistance at 163.98400 is a critical level; a break above could signal a larger reversal, but until then, the bounce may be limited. Support at 156.67200 remains the key invalidation zone. Traders should watch for price to hold above the 8H trendline and see if momentum can push through resistance, but should be cautious given the bearish higher timeframe alignment.