GBP/JPY – 30M – BUY

GBP/JPY on the 30-minute timeframe is flashing a dense cluster of bullish signals despite a bearish short-term trend. The combination of Trendline Retreat Up, Double Top Retreat Up, and Fibonacci Retreat UpTrend (24%) suggests a bounce from a key support level, while oscillator signals like CCI OS Exit, STOCH KD Cross Up, and WILLR OS Exit indicate oversold conditions turning upward. The HT TRENDMODE shift to Trend adds weight, but the lower timeframes remain bearish and choppy, creating a conflict between the immediate signal cluster and the prevailing downtrend.

Across timeframes, the trend is mixed: short-term (15m-2h) is bearish with weak trends, while higher timeframes (8h-1d) show bullish bias but also choppy action. This suggests the bullish signal may represent a counter-trend bounce within a larger bearish phase. Key levels to watch are resistance at 217.989 and support at 217.522. A break above resistance could shift the short-term bias, while losing support would invalidate the bullish setup.