GBP/JPY – 2H – SELL
SELL
99%
▲ Bullish 1% (1.01)
▼ Bearish 99% (79.42)
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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 |
| ▲ | CCI OS Exit | indicator | 2.07 |
| ▲ | Fibonacci Break UpTrend (0%) | fibonacci | 1.83 |
| ▲ | Support Level Retreat Up | sr | 1.35 |
| ▲ | EMA 200 Retreat Up | indicator | 1.17 |
Trend Context
15MUPChoppy / Sideways
30MDOWNTrend Forming
1HDOWNSolid Trend
2HDOWNTrend Forming
4HDOWNChoppy / Sideways
8HDOWNChoppy / Sideways
12HDOWNTrend Forming
1DUPTrend Forming
Analysis
🎯 Key Takeaways
- Multiple bearish patterns (double top, triple top, trendline breakdown) confirm selling pressure.
- Trend alignment is bearish across most intraday timeframes, supporting the sell signal.
- Key resistance at 218.518 is the invalidation level; support at 217.514 is the immediate target.
- Daily timeframe remains bullish, adding caution to the bearish outlook.
The GBP/JPY on the 2H timeframe has triggered a confluence of bearish signals, including a trendline breakdown, double top, triple top, CCI oversold exit, EMA 200 retreat up, Fibonacci break of uptrend (0%), and a support level retreat up. These signals collectively indicate a shift from bullish to bearish momentum, with multiple pattern completions and technical indicators aligning for a potential downside move. The trend across timeframes shows bearish alignment from 30m to 12h, with solid trend on the 1H (3/5) and trend forming on others, supporting the sell signal. However, the 15m is still bullish and choppy, and the daily is bullish, suggesting caution. Key levels to watch: nearest resistance at 218.518 (potential invalidation zone) and nearest support at 217.514 (immediate downside target). The moderate strength and 65% probability indicate a reasonable setup but not a high-conviction trade.
Catalysts
- ▼ Confluence of chart patterns (double top, triple top, trendline breakdown) increases reliability.
- ▼ Bearish trend alignment across 30m to 12h timeframes supports continuation.
- ▼ CCI oversold exit and EMA 200 retreat up confirm bearish momentum.
- ▼ Fibonacci break of uptrend (0%) suggests a structural shift.
Risk Factors
- ▲ Daily timeframe is bullish, which could limit downside or cause a reversal.
- ▲ 15m timeframe is still bullish and choppy, indicating short-term buying pressure.
- ▲ Nearest resistance at 218.518 is close; a break above would invalidate the sell signal.
- ▲ Moderate strength and 65% probability suggest limited conviction; price may consolidate.
Symbol
GBP/JPY
Timeframe
2H
Direction
SELL
Probability
99%
Strength
VERY STRONG
Date
2026-07-28 02:00
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 |