GBP/JPY – 2H – BUY
BUY
73%
▲ Bullish 73% (31.99)
▼ Bearish 27% (11.62)
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Signal evolution
Signals Fired
| Signals Fired | Category | Weight | |
|---|---|---|---|
| ▼ | Triple Top | chart_pattern | 3.51 |
| ▼ | Double Top | chart_pattern | 3.48 |
| ▼ | Trendline Break Down | trendline | 2.34 |
| ▲ | Fibonacci Break UpTrend (0%) | fibonacci | 1.83 |
| ▲ | HT SINE Zero Cross Up | indicator | 1.74 |
| ▲ | Support Level Retreat Up | sr | 1.61 |
| ▲ | BOP Zero Cross Up | indicator | 1.49 |
| ▲ | STOCHRSI KD Cross Up | indicator | 1.47 |
| ▲ | T3 Retreat Up | indicator | 1.41 |
| ▲ | EMA 200 Retreat Up | indicator | 1.39 |
| ▲ | DX Trend Strong | indicator | 1.30 |
| ▲ | Hammer | candlestick | 0.98 |
Trend Context
15MUPTrend Forming
30MUPTrend Forming
1HDOWNTrend Forming
2HDOWNTrend Forming
4HDOWNChoppy / Sideways
8HDOWNChoppy / Sideways
12HDOWNTrend Forming
1DUPTrend Forming
Analysis
🎯 Key Takeaways
- Multiple bearish patterns (Double Top, Triple Top, Trendline Break) align on 2H, suggesting selling pressure.
- Indicator crossovers (BOP, STOCHRSI, EMA 200, T3) confirm bearish momentum.
- Trend conflict exists: lower timeframes bullish, higher timeframes bearish; daily is bullish.
- Watch the 217.514 support; a break below could trigger further downside.
GBP/JPY on the 2H timeframe has fired a cluster of bearish signals including Trendline Break Down, Double Top, Triple Top, and multiple indicator crossovers (BOP Zero Cross Up, STOCHRSI KD Cross Up, EMA 200 Retreat Up, T3 Retreat Up). This suggests a strong bearish reversal pattern is forming, with the price breaking below a trendline and confirming a top formation. However, the overall trend alignment is mixed: lower timeframes (15m, 30m) are bullish, while higher timeframes (1H-12H) are bearish, and the daily is bullish. This divergence indicates that the bearish signal on 2H may be a counter-trend move within a larger bullish daily trend. Key levels to watch are the nearest resistance at 218.518 and support at 217.514. A break below support would strengthen the bearish case, while a move above resistance could invalidate the signal.
Catalysts
- ▲ Confluence of chart patterns (Double Top, Triple Top) and trendline break.
- ▲ Multiple indicator crossovers (BOP, STOCHRSI, EMA 200, T3) all pointing bearish.
- ▲ Bearish trend on 1H-12H timeframes supports the 2H signal.
Risk Factors
- ▼ Daily timeframe is bullish, suggesting the bearish move may be a pullback.
- ▼ Lower timeframes (15m, 30m) are bullish, indicating short-term buying pressure.
- ▼ The signal strength is weak (61%), so the move may lack momentum.
- ▼ If price breaks above resistance at 218.518, the bearish signal is invalidated.
Symbol
GBP/JPY
Timeframe
2H
Direction
BUY
Probability
73%
Strength
MODERATE
Date
2026-07-28 08:00
cat_ Forex
Forex
Support & Resistance
| Level | Price | Formed |
|---|---|---|
| R1 | 218.51800 | 2026-07-27 |
| R2 | 218.62300 | 2026-07-23 |
| R3 | 218.82900 | 2026-07-20 |
| S1 | 217.51400 | 2026-07-21 |
| S2 | 216.38900 | 2026-07-13 |
| S3 | 216.33800 | 2026-07-08 |