USD/JPY – 8H – SELL

The USD/JPY 8H chart has fired a dense cluster of bearish signals, led by a Trendline Break Down and a Bull Pennant breakdown, with momentum and trend indicators aligning to the downside. The STOCHF KD Cross Down and BOP Zero Cross Down confirm selling pressure, while the EMA 50 and SMA 50 Retreat Down indicate that price is pulling back from key moving averages, reinforcing the bearish bias. The Fibonacci Retreat DownTrend (50%) suggests that the pair has retraced to a significant level within the downtrend, providing a potential entry zone for sellers.

Across timeframes, the bias is consistently bearish, though the lower timeframes (15m to 2H) show a weaker trend formation, while the 8H, 12H, and 1D all exhibit solid downtrends. This alignment supports the continuation of the move lower. The nearest resistance at 163.984 acts as a barrier to any upside correction, while the nearest support at 156.672 is the primary downside target. A break below this support would open the door for further declines, but until then, the bearish momentum is expected to persist.