EUR/JPY – 2H – SELL
SELL
85%
▲ Bullish 15% (6.01)
▼ Bearish 85% (33.77)
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Signal evolution
Events for EUR/JPY
Full calendar- TodayEURUnemployment Rate (Jul)●●●Forecast 3.9%Previous 3.8%in 1h
- TodayEURPPI MoM (Jul)●●●Forecast 0.5%Previous -0.3%in 2h
- TodayEURPPI YoY (Jul)●●●Forecast 2.4%Previous 1.8%in 2h
All times UTC.
Signals Fired
| Signals Fired | Category | Weight | |
|---|---|---|---|
| ▼ | HT TRENDLINE Retreat Down | indicator | 1.98 |
| ▼ | DEMA Retreat Down | indicator | 1.94 |
| ▼ | Resistance Level Retreat Down | sr | 1.90 |
| ▼ | HT PHASOR Inphase Cross Down | indicator | 1.83 |
| ▼ | Trendline Break Down | trendline | 1.76 |
| ▼ | MIDPOINT Retreat Down | indicator | 1.60 |
| ▼ | APO Zero Cross Down | indicator | 1.54 |
| ▼ | Fibonacci Break DownTrend (24%) | fibonacci | 1.49 |
| ▼ | STOCHRSI KD Cross Down | indicator | 1.45 |
| ▼ | BOP Zero Cross Down | indicator | 1.20 |
| ▲ | DX Trend Strong | indicator | 1.08 |
| ▼ | DI CROSS Cross Down | indicator | 0.88 |
| ▼ | Hanging Man | candlestick | 0.86 |
| ▼ | DM CROSS Cross Down | indicator | 0.78 |
| ▼ | CMO Zero Cross Down | indicator | 0.75 |
| ▼ | RSI Midline Cross Down | indicator | 0.75 |
| ▼ | Bearish Engulfing | candlestick | 0.68 |
Trend Context
15MDOWNTrend forming
30MDOWNSolid trend
1HDOWNTrend forming
2HDOWNChoppy / sideways
4HDOWNChoppy / sideways
8HDOWNChoppy / sideways
12HDOWNTrend forming
1DDOWNTrend forming
Analysis
🎯 Key Takeaways
- A powerful bearish signal cluster on the 2H chart, including a trendline break and multiple zero-line crossovers, points to strong selling pressure.
- All timeframes are bearish, but the 2H and 4H are choppy, so the trend is still forming and may lack momentum.
- Key levels: support at 183.59600 and resistance at 184.90600; a break below support could trigger further downside.
- The signal is very strong (97% probability) but should be validated by price action around support.
The EUR/JPY 2H chart has fired a dense cluster of bearish signals, led by a Trendline Break Down and multiple zero-line crossovers (APO, BOP, CMO) alongside DI and DM Cross Downs. This confluence indicates strong selling momentum that has broken a key trendline, with the RSI Midline Cross Down confirming bearish momentum. The signal is exceptionally strong (97% probability) and aligns with a bearish bias across all monitored timeframes, from 15m to 1D, although the 2H and 4H show choppy/sideways conditions, suggesting the trend is still developing.
Immediate focus is on the nearest support at 183.59600, which serves as the first downside target. A break below this level could open further downside, while resistance at 184.90600 acts as a barrier for any corrective bounce. The alignment of signals across multiple groups (trendline, indicator, candlestick, Fibonacci, and support/resistance) reinforces the bearish case. However, the choppy nature of the 2H and 4H timeframes warrants caution, as the trend may not be fully established. Traders should watch for a sustained move below support to confirm continuation.
Immediate focus is on the nearest support at 183.59600, which serves as the first downside target. A break below this level could open further downside, while resistance at 184.90600 acts as a barrier for any corrective bounce. The alignment of signals across multiple groups (trendline, indicator, candlestick, Fibonacci, and support/resistance) reinforces the bearish case. However, the choppy nature of the 2H and 4H timeframes warrants caution, as the trend may not be fully established. Traders should watch for a sustained move below support to confirm continuation.
Catalysts
- ▼ Confluence of multiple bearish indicators (APO, BOP, CMO, DI, DM) all crossing below zero, confirming bearish momentum.
- ▼ Trendline break down adds a technical pattern that often precedes sustained moves.
- ▼ Bearish alignment across all timeframes, even if some are choppy, supports the overall downtrend.
- ▼ RSI midline cross down signals that bearish momentum is gaining traction.
Risk Factors
- ▲ Choppy/sideways conditions on the 2H and 4H timeframes could lead to false breakouts or range-bound trading.
- ▲ The nearest support at 183.59600 may hold, causing a bounce and invalidating the bearish signal if price reverses.
- ▲ If the trendline break fails and price reclaims above 184.90600, the bearish thesis would be invalidated.
- ▲ Fading momentum, as indicated by the trend scores (2/5 or lower on most timeframes), suggests the trend may not be robust enough for a strong move.
Symbol
EUR/JPY
Timeframe
2H
Direction
SELL
Probability
85%
Strength
STRONG
Date
2026-08-19 14:00
cat_ Forex
Forex
Support & Resistance
| Level | Price | Formed |
|---|---|---|
| R1 | 184.90600 | 2026-08-18 |
| R2 | 187.46700 | 2026-07-29 |
| S1 | 183.59600 | 2026-08-14 |
| S2 | 183.15100 | 2026-08-12 |
| S3 | 181.31200 | 2026-08-07 |
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