GBP/JPY – 1H – BUY

2026-08-05 17:00 UTC · 13 hours ago

BUY

92%

▲ BUY

VERY STRONG

Intraday

Prognose: 61% historisch

⚡ Confluence +60%

▲ Bullish 92% (65.75) ▼ Bearish 8% (5.77)

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Signal evolution

Signals Fired

	Signals Fired	Category	Weight
▲	Double Bottom	chart_pattern	4.02
▲	Trendline Break Up	trendline	3.75
▲	Symmetrical Triangle	chart_pattern	3.49
▲	CCI Zero Cross Up	indicator	2.24
▲	STOCHF KD Cross Up	indicator	1.93
▲	BBANDS MIDDLE Cross Up	indicator	1.92
▲	BOP Zero Cross Up	indicator	1.85
▲	MIDPRICE Retreat Up	indicator	1.82
▲	Trendline Retreat Up	trendline	1.76
▲	MIDPOINT Retreat Up	indicator	1.70
▲	SMA 50 Retreat Up	indicator	1.69
▲	Fibonacci Retreat UpTrend (79%)	fibonacci	1.57
▲	Support Level Retreat Up	sr	1.52
▲	MA Retreat Up	indicator	1.43
▲	KAMA Retreat Up	indicator	1.24

Trend Context

15M

DOWNTrend forming

30M

DOWNTrend forming

DOWNChoppy / sideways

DOWNSolid trend

DOWNVery strong trend

12H

DOWNSolid trend

Analysis

🎯 Key Takeaways

Multiple bullish signals on the 1H chart suggest a potential bounce, but the broader trend is bearish.
Key levels to watch: support at 211.692 and resistance at 212.321.
Momentum indicators are turning up, but higher timeframes still favor sellers.
A break above resistance could signal a larger correction, while a loss of support would invalidate the bullish case.

The 1H GBP/JPY chart has fired a cluster of bullish signals, including a Trendline Break Up, Double Bottom, and Symmetrical Triangle breakout, alongside multiple momentum indicators (BOP, CCI, STOCHF) crossing above zero or their signal lines. This suggests a potential short-term reversal or corrective bounce within a broader bearish trend. The confluence of chart patterns and trendline breaks indicates that buyers are stepping in at a key support zone, with the nearest support at 211.692 and resistance at 212.321.

However, the higher timeframes remain firmly bearish, with solid to very strong downtrends on the 2H through daily charts. The 1H trend is currently sideways/choppy, and the 15m/30m are still bearish but forming. This suggests that the bullish signals on the 1H may represent a counter-trend move rather than a full reversal. Traders should watch whether price can hold above the support and break the resistance, as a failure to do so could see the bearish trend resume.

Catalysts

▲ Confluence of chart patterns: Double Bottom and Symmetrical Triangle breakout.
▲ Trendline Break Up and Trendline Retreat Up confirm a bullish shift in structure.
▲ Momentum indicators (BOP, CCI, STOCHF) all crossing up, suggesting increasing buying pressure.
▲ Price is holding above the nearest support, providing a base for the bounce.

Risk Factors

▼ Higher timeframes (2H to daily) are all bearish, which could overwhelm the 1H bullish signals.
▼ The 1H trend itself is still sideways/choppy, indicating a lack of clear direction.
▼ If price falls below the nearest support at 211.692, the bullish setup is invalidated.
▼ The bounce may be short-lived if it fails to break the resistance at 212.321, leading to a resumption of the downtrend.