EUR/JPY – 1H – SELL

The 1H chart for EUR/JPY has fired a dense cluster of bearish signals, led by a Trendline Break Down and a Falling Wedge, alongside a Bear Flag continuation pattern. The concurrent Double Bottom candlestick pattern adds a layer of complexity—it typically signals a potential bullish reversal, suggesting the sell setup may be playing out within a broader corrective phase rather than a straightforward trend move. The momentum indicators are split: STOCH KD Cross Down and ER Level Cross Down support further downside, while BOP Zero Cross Up and STOCHRSI KD Cross Up hint at short-term buying pressure that could produce bounces within the downtrend.

The trend structure across timeframes is firmly bearish, with the 2H chart showing an extremely strong trend (5/5) and the 30M, 1H, and 4H all in a very strong bearish mode (4/5). The 15M and 8H retain solid bearish readings, while the daily timeframe shows a trend still in formation, implying the current move is likely a correction within a larger structure. With nearest resistance at 181.95300 acting as a ceiling and no clear support defined, the pair has room to move south, but traders should watch for any rejection at the resistance level or a failure to breach it, along with the bullish candlestick signal that could undermine the bearish near-term view.