USD/JPY – 12H – SELL

The USD/JPY 12H signal is strongly bearish, with a confluence of technical events aligning to confirm downside momentum. The trendline break down, bear flag pattern, and multiple moving average retreats (EMA 200 and SMA 200) indicate that the pair is under selling pressure from a broader downtrend. The BOP zero cross down and STOCHF KD cross down reinforce the bearish momentum, while the Fibonacci retreat at the 50% level suggests that the recent bounce has stalled, providing a fresh entry for sellers. The candlestick pattern (Northern Doji) adds a note of indecision, but in the context of the other signals, it likely represents a pause before further declines.

Across timeframes, the trend is consistently bearish, with solid trend scores (3/5) on the 8H, 12H, and 1D charts, while the 4H shows a forming trend (2/5). The lower timeframes (15m to 2h) are choppy and sideways, but they still lean bearish, indicating that the overall direction is intact. The nearest resistance at 163.98400 is a critical level to watch; a break above it would invalidate the bearish setup, while the nearest support at 155.22400 serves as the primary downside target. Traders should monitor price action around these levels for confirmation.