USD/JPY – 1D – SELL

The USD/JPY daily chart has triggered a cluster of bearish signals, led by a Trendline Break Down and multiple moving-average retreats (MIDPRICE, T3, ALMA, ZLMA), all confirming the resumption of the downtrend. The STOCHF KD Cross Up and RSX OS Entry suggest the market may be attempting a short-term bounce, but the CHOP indicator is in trending mode, indicating momentum is aligned with the sell-off rather than a reversal. The bearish case is well supported across timeframes, with the 2h, 4h, and daily charts all showing very strong downtrends (4/5), while the 15m and 1h solid trends (3/5) reinforce the overall directional consistency. The nearest resistance at 163.98400 is the key level to monitor; a rejection there would confirm the continuation, while a break above it could trigger a pullback and invite fresh selling. The confluence of trendline breakdown and multiple moving-average retreats, combined with persistent bearish alignment across the timeframe spectrum, provides high confidence in the sell signal; the 65% probability and moderate strength suggest the trade is viable but not without risk. The absence of a defined support level below the current price means the downside could be open, particularly if the trend continues unchecked.