GBP/JPY – 4H – SELL

The 4H chart for GBP/JPY has fired a confluence of bearish signals: a Trendline Break Down, STOCHF KD Cross Down, T3 Retreat Up, Long Legged Doji, and Shooting Star. These signals collectively indicate that the recent upward momentum has stalled and a reversal to the downside is likely. The trend across timeframes shows a clear bearish alignment from the 2H through the 12H charts, with the 4H and 2H both showing very strong bearish trends (4/5). While shorter timeframes (15m, 30m, 1h) are still bullish, they are choppy or forming, suggesting that the bearish pressure from higher timeframes is likely to dominate.

Key resistance is at 218.67600, and the nearest support is not defined, suggesting that the pair has room to move lower. The combination of a trendline break, a stochastic crossover, and bearish candlestick patterns (Long Legged Doji and Shooting Star) provides strong evidence for a continuation of the downtrend. Traders should watch for the price to respect the broken trendline as new resistance and focus on the bearish momentum as long as price stays below the key level.