EUR/JPY – 2H – SELL

The 2H chart for EUR/JPY is flashing a dense cluster of bearish signals, led by a Double Bottom breakdown and a Bearish Harami candle pattern, reinforced by a BOP Zero Cross Down and retreats of the EMA 50, SMA 50, and HMA. The Fibonacci Break DownTrend (24%) adds a retracement-based bearish layer, while the WILLR OB Exit confirms momentum exiting overbought conditions. Together, these signals point to a strong bearish push, with the nearest resistance at 179.47200 acting as the immediate ceiling and the nearest support at 178.06400 as the first downside target.

Across timeframes, the picture is mixed but the higher timeframes dominate: the 4H, 8H, and 12H are all bearish with very strong to extremely strong trend scores (4-5/5), and the 1D is solidly bearish. Lower timeframes (15m to 2H) are still bullish, but their trend scores are weaker (2-3/5), suggesting the recent bounce is corrective within a larger downtrend. The confluence of bearish patterns on the 2H, combined with the strong higher-timeframe bearish alignment, supports the sell signal's high probability (75%) and strong strength. Key levels to watch are the 179.47200 resistance and the 178.06400 support; a break below support would confirm further downside, while a reclaim of resistance would invalidate the bearish setup.