EUR/JPY – 2H – SELL

The EUR/JPY 2H chart is flashing a comprehensive bearish setup, with a cascade of signals confirming downside momentum. The Trendline Break Down and Falling Wedge pattern indicate a structural shift, while the AROON Cross Down and Strong Downtrend confirm sellers are in control. Momentum oscillators—BOP, MOM, and ROC—all crossing below zero add confluence, suggesting selling pressure is broad-based and not just a single-indicator fluke. The 2H timeframe itself shows a very strong downtrend (4/5), and the higher 4H timeframe is even more bearish at 5/5, meaning the medium-term trend is firmly aligned to the downside.

Across timeframes, the bearish alignment is consistent from 15m up to 12h, with the 4H being the strongest. This multi-timeframe convergence reinforces the validity of the sell signal. The key resistance at 181.953 is the level to watch for any bounce, while the nearest support at 177.844 is the immediate downside target. As long as price stays below the broken trendline and the falling wedge structure, the path of least resistance remains lower. A break below 177.844 could accelerate the move, but traders should monitor for any signs of exhaustion given the extended nature of the trend.