GBP/JPY – 1H – SELL

GBP/JPY on the 1H timeframe has triggered a cluster of bearish signals, including a Trendline Break Down, Double Top pattern, and a Double Top Retreat Up. The presence of both a Double Top and its subsequent retreat indicates strong rejection at the resistance zone. Additionally, the STOCHF KD Cross Down and MACD Signal Cross Up (which is a bearish crossover) confirm downward momentum, while the Fibonacci Retreat UpTrend at 79% suggests a key retracement level that has held as resistance. The T3 Retreat Up and SAR Flip Bullish add to the bearish confluence, though the latter is a contrarian signal that may indicate a potential bounce. Overall, the 1H trend is solidly bearish with a strength score of 3/5, and the 30M and 2H timeframes also show bearish trends forming. However, the 15M and 1D timeframes are bullish, with the daily trend still forming, which introduces some uncertainty. Key levels to watch are resistance at 218.518 and support at 217.514. A break below support would reinforce the bearish bias, while a move above resistance could invalidate the setup.