GBP/JPY – 1H – SELL

SELL NEW CLOSED

2026-07-29 18:00 UTC 53 days ago

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Signal evolution

Conviction, candle by candle

conviction per candle 6× below 35% 50% — below this the other side leads

Dropped below 35% 6× and recovered. A falling line is a warning, not an instruction — signals that dip and come back are normal. Watch for a line that stays down.

Signals Fired

These are the triggers as captured when the signal opened (29 Jul 2026, 16:00 UTC). They are not recalculated — the chart shows current candles.

	Signals Fired	Category	Weight
▲	Double Bottomstate only	chart_pattern	3.20
▲	Trendline Break Upstate only	trendline	2.93
▼	BBANDS UPPER Retreat Down	indicator	2.01
▼	Fibonacci Break DownTrend (0%)continuation	fibonacci	1.94
▲	MAMA Cross Up	indicator	1.45
▼	STOCHRSI KD Cross Down	indicator	1.37
▼	SMA 200 Retreat Down	indicator	1.25
▼	Double Bottom Retreat Downcontinuation	chart_pattern	1.21
▼	Resistance Level Retreat Downcontinuation	sr	1.15
▼	BOP Zero Cross Down	indicator	1.14
▼	Trendline Retreat Downcontinuation	trendline	1.02
▼	KAMA Retreat Down	indicator	1.01
▼	EMA 200 Retreat Down	indicator	0.97
▼	Spinning Top Bearish	candlestick	0.70

Trend Context

15M

UPChoppy / sideways

30M

UPChoppy / sideways

UPTrend forming

DOWNTrend forming

DOWNChoppy / sideways

12H

DOWNChoppy / sideways

UPTrend forming

Analysis

🎯 Key Takeaways

Multiple bearish signals converge on 1H, including failed breakouts and momentum shifts.
Higher timeframes (2H-12H) are bearish, supporting the sell direction.
Key resistance at 217.989 is holding; a break below 217.152 support would confirm downside.
Short-term bullish trend on 1H is weakening, increasing likelihood of a reversal.

GBP/JPY on the 1H timeframe is exhibiting a confluence of bearish signals despite the short-term bullish trend. The Trendline Break Up and Double Bottom initially suggested upside, but subsequent retreats from these patterns, combined with a Trendline Retreat Down, indicate a failed breakout. The BOP Zero Cross Down and STOCHRSI KD Cross Down confirm selling pressure, while the BBANDS UPPER Retreat Down and EMA 200 Retreat Down show rejection at key resistance levels. The 1H bullish trend is weakening, and higher timeframes (2H to 12H) are bearish, aligning with the sell signal.

Key levels to watch are resistance at 217.989 and support at 217.152. A break below support would confirm the bearish momentum, while a move above resistance would invalidate the signal. The moderate strength and 72% probability suggest a tradable opportunity, but traders should monitor for confirmation on lower timeframes.

Catalysts

▼ Trendline Retreat Down and Double Bottom Retreat Down indicate failed bullish patterns.
▼ BOP Zero Cross Down and STOCHRSI KD Cross Down confirm bearish momentum.
▼ BBANDS UPPER and EMA 200 Retreat Down show rejection at resistance.
▼ Bearish trend on 2H to 12H timeframes aligns with the sell signal.

Risk Factors

▲ 1H timeframe still shows a bullish trend, which could delay or invalidate the sell signal.
▲ 15m and 30m are bullish, suggesting short-term buying pressure may persist.
▲ Daily timeframe is bullish, posing a conflicting higher timeframe risk.
▲ A break above resistance at 217.989 would invalidate the bearish setup.