EUR/JPY – 30M – BUY

The EUR/JPY 30-minute chart has triggered a dense cluster of bullish signals, including Trendline Retreat Up, Double Top Retreat Up, Triple Top Retreat Up, and a series of momentum zero-cross signals (BOP, MOM, ROC, ROCR). This confluence suggests that despite the broader bearish trend across most timeframes, intraday buyers are stepping in at a defined support zone. The retreat patterns indicate failed breakout attempts to the downside, while the zero-cross momentum signals point to a shift in short-term pressure. The immediate focus is on the nearest resistance at 185.74200; a sustained move above this level would confirm the bullish reversal, while support at 185.49100 serves as the key invalidation zone.

However, the higher-timeframe alignment is largely bearish and choppy, with all timeframes from 15 minutes to daily showing weak trend scores (1/5). This suggests the current bullish signal may be a counter-trend bounce within a broader downtrend, rather than the start of a new uptrend. The 1-hour and 2-hour timeframes are the only ones showing bullish bias, which offers some support for the move, but the lack of strong trend scores across the board limits the conviction. Traders should watch for price action around the resistance level and monitor whether momentum can sustain above it, as a failure to break higher would likely see a return to the support area and a potential continuation lower.