EUR/JPY – 2H – SELL

The EUR/JPY 2H chart has fired a dense cluster of bearish signals, led by a Trendline Break Down and a Symmetrical Triangle breakdown, with supporting momentum crossovers (BOP, CMO, DI, DM, MOM, ROC) all crossing below zero or their signal lines. This confluence indicates a strong shift in short-term momentum and a likely continuation of the prevailing downtrend. The bearish bias is consistent across the 15m, 30m, 12h, and 1d timeframes, though the 1H, 2H, and 4H are choppy, suggesting the trend is still developing on the higher intraday frames. The 8H timeframe is bullish, but it is also choppy, which may limit downside follow-through.

Key levels to watch are the nearest resistance at 187.467 and the nearest support at 183.596. A break below the support would confirm the continuation of the bearish move, while a reclaim of the resistance would invalidate the short-term bearish setup. The alignment of multiple technical signals and the bearish trend across most timeframes support a sell bias, but the choppy nature of the higher intraday timeframes warrants caution. Traders should monitor price action around these levels for confirmation or invalidation.