USD/JPY – 30M – BUY

The USD/JPY 30-minute chart has fired a dense cluster of bullish signals, led by a Trendline Break Up and Trendline Retreat Up, alongside a BOP Zero Cross Up and a STOCHF KD Cross Up. These are reinforced by retreats off the EMA 200 and SMA 200, indicating that the recent pullback has found support at a key moving-average confluence. The WILLR exiting oversold territory further confirms that downside momentum has stalled, and the DX Trend Weak signal suggests the prevailing bearish trend is losing steam, opening the door for a counter-trend bounce.

However, the multi-timeframe picture is mixed. While the 2h, 4h, 8h, and 12h timeframes are bullish, the 15m, 30m, 1h, and 1d timeframes remain bearish. This creates a conflict: the immediate trend is down, but the longer-term structure is turning up. The signal is therefore best viewed as a tactical long within a larger consolidation. Key levels to watch are resistance at 160.195 and support at 159.291. A break above resistance would confirm the bullish reversal, while a loss of support would invalidate the setup and likely resume the broader downtrend.