GBP/JPY – 30M – SELL

GBP/JPY on the 30-minute timeframe has triggered a dense cluster of bearish signals, including multiple zero-crossovers on the APO, BOP, CMO, MACD, and RSI, alongside a trendline retreat and an EMA 200 retreat. This confluence of momentum and trend-following indicators points to strong selling pressure in the short term. The alignment across timeframes is predominantly bearish from 30 minutes up to 4 hours, reinforcing the bearish bias. However, higher timeframes show mixed signals: the 8-hour and daily charts are bullish, with the daily in a trend-forming phase, which introduces uncertainty. Key levels to watch are the nearest resistance at 217.989 and support at 217.522. A break below support could accelerate the decline, while a bounce off support might challenge the bearish momentum.