USD/JPY – 30M – SELL

The USD/JPY 30-minute chart has fired a cluster of bearish signals, led by a Trendline Break Down and a Fibonacci Break Down at the 24% retracement level, indicating that sellers have regained control after a corrective bounce. The momentum indicators corroborate this: a STOCHRSI KD Cross Down and a TEMA Retreat Up both point to fading upside momentum and renewed downward pressure. The BOP Zero Cross Up, while typically a short-term bullish signal, in this context appears to be a minor counter-trend blip within a broader downtrend, as the overall bearish bias is reinforced by the candlestick patterns—Bullish Meeting Lines and a Long Legged Doji—which, despite their names, often signal indecision or a pause before continuation, and the Falling Window confirms a bearish gap.

Trend alignment across timeframes is strongly supportive of the sell signal: all timeframes from 15 minutes to daily are bearish, with the 30-minute and 1-hour showing very strong trend scores (4/5). This multi-timeframe confluence suggests that the downtrend is well-established and likely to persist. Key levels to watch are the nearest support at 158.03900, which could act as a target if the selloff extends, and the nearest resistance at 159.67100, which serves as the immediate invalidation zone if price rallies above it. A break below support would open the door for further downside, while a sustained move above resistance would signal a potential trend reversal.