EUR/JPY – 1D – SELL

The EUR/JPY daily chart is flashing a dense cluster of bearish signals, led by a Bear Flag continuation pattern and a Fibonacci breakdown of the 24% retracement level, which together point to a resumption of the prevailing downtrend. The confluence of indicator signals—BOP Zero Cross Down, CCI OB Exit, STOCHRSI KD Cross Down, and WILLR OB Entry—confirms that buying pressure is fading and momentum is turning lower. The presence of bearish candlestick patterns (Gapping Down Doji and Tweezers Top) reinforces the rejection at resistance. With an 89% probability and very strong strength, the signal suggests a high-confidence short setup.

Trend alignment across timeframes is predominantly bearish, with the 30m, 1h, 2h, 12h, and daily charts all showing bearish trends, while the 15m is the only bullish outlier but is choppy and weak (1/5). The 4h and 8h are bearish but choppy, indicating some consolidation. The nearest resistance at 187.467 is the immediate barrier; a break above would invalidate the bearish thesis. The nearest support at 179.364 is the target zone. Traders should watch for a sustained move lower, with a close below the flag's lower boundary confirming the breakdown.