EUR/JPY – 2H – BUY

The EUR/JPY 2H signal is overwhelmingly bullish, with a 96% probability and very strong strength, driven by a confluence of momentum and trend indicators. The break of a downtrend line, combined with AROON crossing up into a strong uptrend and the AROONOSC zero cross, signals a definitive shift in short-term momentum. This is reinforced by the BOP zero cross up, indicating buying pressure, and the STOCHF KD cross up alongside a WILLR overbought entry, suggesting strong bullish momentum. The EMA retreat up adds a further layer of confirmation, pointing to a pullback within an emerging uptrend that is now resuming.

Across timeframes, the picture is mixed but leans bullish in the short term. The 15m to 2H timeframes all show bullish trends, albeit choppy and sideways, indicating the new bullish momentum is still forming. However, the higher timeframes (8H, 12H, 1D) remain bearish, which could act as a ceiling on the rally. The nearest resistance at 185.948 is the immediate upside target, while support at 185.347 is the key level to hold. A break above resistance could open the door to further gains, but the bearish higher timeframe trend suggests this may be a counter-trend move within a larger downtrend.