EUR/JPY – 8H – SELL
SELL
85%
▲ Bullish 15% (2.15)
▼ Bearish 85% (12.32)
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Signal evolution
Events for EUR/JPY
Full calendar- TodayEURPPI YoY (Jul)●●●Forecast 2.4%Previous 1.8%in 30m
- TodayEURPPI MoM (Jul)●●●Forecast 0.5%Previous -0.3%in 30m
- TodayJPYCore Inflation Rate YoY (Jul)●●●Previous 1.6in 18h
All times UTC.
Signals Fired
| Signals Fired | Category | Weight | |
|---|---|---|---|
| ▼ | TEMA Break Down | indicator | 2.62 |
| ▼ | SAR Flip Bearish | indicator | 2.23 |
| ▼ | EMA 200 Retreat Down | indicator | 2.19 |
| ▼ | SMA 200 Retreat Down | indicator | 1.61 |
| ▲ | STOCHF KD Cross Up | indicator | 1.59 |
| ▼ | Fibonacci Break DownTrend (24%) | fibonacci | 1.45 |
| ▲ | Southern Doji | candlestick | 1.05 |
Trend Context
15MDOWNTrend forming
30MDOWNSolid trend
1HDOWNTrend forming
2HDOWNChoppy / sideways
4HDOWNChoppy / sideways
8HDOWNChoppy / sideways
12HDOWNTrend forming
1DDOWNTrend forming
Analysis
🎯 Key Takeaways
- Strong bearish confluence from multiple indicators and patterns on the 8H chart.
- Overall trend is bearish across timeframes, though higher timeframes show choppiness.
- Watch for a break below 179.36400 support to confirm further downside.
- Resistance at 187.46700 is the key level to invalidate the bearish signal.
The EUR/JPY 8H chart has fired a cluster of bearish signals, including a Stochastic Fast KD cross up, EMA 200 retreat down, SAR flip bearish, SMA 200 retreat down, TEMA break down, Fibonacci break down (24%), and a Southern Doji. This confluence across indicators, moving averages, and candlestick patterns strongly suggests a continuation of the prevailing downtrend. The alignment of multiple technical tools pointing lower reinforces the bearish bias, with the price likely to test lower levels.
Across timeframes, the bearish trend is consistent, though strength varies. The 15m, 30m, and 1h timeframes show forming or solid downtrends, while the 2h, 4h, and 8h are choppy/sideways, indicating a lack of strong momentum on higher timeframes. However, the 12h and 1d timeframes are also bearish, suggesting the broader trend supports further downside. Key levels to watch are the nearest resistance at 187.46700 and support at 179.36400. A break below support could accelerate the decline, while a move back above resistance would invalidate the bearish setup.
Across timeframes, the bearish trend is consistent, though strength varies. The 15m, 30m, and 1h timeframes show forming or solid downtrends, while the 2h, 4h, and 8h are choppy/sideways, indicating a lack of strong momentum on higher timeframes. However, the 12h and 1d timeframes are also bearish, suggesting the broader trend supports further downside. Key levels to watch are the nearest resistance at 187.46700 and support at 179.36400. A break below support could accelerate the decline, while a move back above resistance would invalidate the bearish setup.
Catalysts
- ▼ Multiple indicators (STOCHF, EMA, SAR, SMA, TEMA) all aligning bearish.
- ▼ Fibonacci break down adds technical confluence.
- ▼ Southern Doji confirms bearish sentiment.
- ▼ Bearish trend across most timeframes, including daily.
Risk Factors
- ▲ Choppy/sideways action on 2H, 4H, and 8H could lead to false signals.
- ▲ If price breaks above 187.46700, the bearish setup is invalidated.
- ▲ Momentum may be fading as indicated by the Stochastic cross up.
- ▲ Higher timeframe (daily) is only trend forming, not strong, so downside may be limited.
Symbol
EUR/JPY
Timeframe
8H
Direction
SELL
Probability
85%
Strength
VERY STRONG
Date
2026-08-19 08:00
cat_ Forex
Forex
Support & Resistance
| Level | Price | Formed |
|---|---|---|
| R1 | 187.46700 | 2026-07-29 |
| S1 | 179.36400 | 2026-08-03 |
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