GBP/JPY 2H BUY

· 12 hours ago
BUY
91%
▲ BUY
VERY STRONG
Intraday
Prognose: 61% historisch
⚡ Confluence +60%
▲ Bullish 91% (42.81) ▼ Bearish 9% (4.18)
GBP/JPY  ·  2H
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Signal evolution

Signals Fired

Signals Fired Category Weight
Double Top Retreat Up chart_pattern 1.98
Trendline Retreat Up trendline 1.85
Fibonacci Break UpTrend (0%) fibonacci 1.84
Triple Top Retreat Up chart_pattern 1.68
MACD Signal Cross Up indicator 1.64
Support Level Retreat Up sr 1.62
T3 Retreat Up indicator 1.56
BOP Zero Cross Up indicator 1.48
STOCHF KD Cross Up indicator 1.48
EMA 200 Retreat Up indicator 1.43
Bullish Harami candlestick 0.95

Trend Context

15M
UPChoppy / sideways
30M
UPChoppy / sideways
1H
DOWNTrend forming
2H
DOWNTrend forming
4H
DOWNTrend forming
8H
DOWNChoppy / sideways
12H
DOWNChoppy / sideways
1D
UPTrend forming

Analysis

🎯 Key Takeaways
  • Multiple bullish patterns and indicator crossovers align on the 2H chart, suggesting a strong reversal attempt.
  • The bullish signals are concentrated at a support zone, increasing the probability of a bounce.
  • Higher timeframes remain bearish, so this move may be a counter-trend rally rather than a full reversal.
  • Key levels: resistance at 217.989 and support at 217.467; a break of either will determine the next direction.
The GBP/JPY pair on the 2H timeframe has triggered a dense cluster of bullish signals, including multiple retreat patterns (Trendline, Double Top, Triple Top), MACD and Stochastics crossovers, and a BOP zero line crossover. This suggests strong buying pressure at a key support zone, likely reversing the prior bearish trend on this timeframe. The retreat patterns indicate that price has bounced off significant resistance-turned-support levels, while the indicator crossovers confirm momentum shift. However, the higher timeframes (1H to 12H) remain bearish, creating a conflict that may limit upside unless the bullish momentum can shift the broader trend. The nearest resistance at 217.989 is a critical hurdle; a break above could signal a trend reversal, while failure to hold above support at 217.467 would invalidate the bullish setup.
Catalysts
  • Confluence of three retreat patterns (Trendline, Double Top, Triple Top) indicates strong support and buying interest.
  • MACD and Stochastics crossovers confirm momentum shift to bullish.
  • BOP zero line crossover suggests buying pressure exceeding selling pressure.
  • Very strong signal strength (100% probability) across multiple signal groups adds conviction.
Risk Factors
  • Higher timeframes (1H to 12H) are bearish, which could cap upside and lead to a failed breakout.
  • The nearest resistance at 217.989 is a major barrier; failure to break it could result in a pullback.
  • A break below support at 217.467 would invalidate the bullish signals and likely trigger further downside.
  • The choppy/sideways trend on lower timeframes (15m, 30m) suggests uncertainty and potential for false breakouts.
Symbol GBP/JPY
Timeframe 2H
Direction BUY
Probability 91%
Strength VERY STRONG
Date 2026-07-29 14:00
cat_ Forex Forex

Support & Resistance

Level Price Formed
R1 217.98900 2026-07-28
R2 218.51800 2026-07-27
R3 218.62300 2026-07-23
S1 217.46700 2026-07-27
S2 216.38900 2026-07-13

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