USD/JPY – 2H – SELL

The USD/JPY 2H signal is strongly bearish, with a 91% probability and very strong strength, driven by a confluence of technical signals. A Double Top pattern, Bearish Engulfing candlestick, and Fibonacci Break DownTrend (24%) all align to confirm downward momentum. Momentum indicators such as the BOP Zero Cross Down, STOCHF KD Cross Down, and WILLR OB Exit reinforce the bearish bias, while the EMA 200 Retreat Down suggests price is pulling back from a key moving average. The MACD Zero Cross Up, though typically bullish, appears here as a counter-trend bounce within a larger downtrend, which can precede further declines.

Across timeframes, the trend is consistently bearish, with solid trends on the 1H, 8H, 12H, and 1D, and forming trends on the 30M, 2H, and 4H. This alignment supports the sell signal. Key levels to watch are resistance at 159.560 and support at 159.019. A break below support could accelerate the decline, while a move back above resistance would invalidate the bearish setup.