USD/JPY – 2H – BUY

The 2H signal for USD/JPY is BUY, but it is fired against a predominantly bearish backdrop across timeframes. The 4H and 1D timeframes show very strong downtrends (5/5 and 4/5), while the 2H itself is bearish with a very strong trend score of 4/5. The signal is driven by a cluster of momentum and pattern indicators: a Trendline Break Down, Falling Wedge, multiple Aroon bearish signals, and a BOP Zero Cross Up, alongside a CCI oversold exit and a STOCHRSI KD Cross Up. These suggest a potential short-term bounce or reversal attempt, but the higher-timeframe alignment is clearly bearish.

Key levels to watch are resistance at 156.74700 and support at 152.88300. A break above the resistance could signal a stronger bullish reversal, while a failure to hold above support would invalidate the bullish case. Given the weak strength (61%) and the conflicting trend structure, this signal should be treated as a counter-trend opportunity with tight risk management. The bullish signals are more indicative of a corrective move within the broader downtrend rather than a full reversal.