GBP/JPY – 1H – SELL
SELL
77%
▲ Bullish 23% (17.97)
▼ Bearish 77% (59.61)
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Signal evolution
Signals Fired
| Signals Fired | Category | Weight | |
|---|---|---|---|
| ▲ | Double Bottom | chart_pattern | 4.02 |
| ▲ | Trendline Break Up | trendline | 3.67 |
| ▲ | Symmetrical Triangle | chart_pattern | 2.98 |
| ▼ | Fibonacci Break DownTrend (0%) | fibonacci | 2.44 |
| ▼ | T3 Break Down | indicator | 1.92 |
| ▼ | MACD Signal Cross Down | indicator | 1.91 |
| ▼ | TEMA Retreat Down | indicator | 1.89 |
| ▼ | Trendline Break Down | trendline | 1.85 |
| ▼ | Resistance Level Retreat Down | sr | 1.55 |
| ▼ | HT SINE Zero Cross Down | indicator | 1.52 |
| ▼ | CCI Zero Cross Down | indicator | 1.48 |
| ▼ | BBANDS MIDDLE Cross Down | indicator | 1.44 |
| ▼ | DI CROSS Cross Down | indicator | 0.96 |
| ▼ | DM CROSS Cross Down | indicator | 0.85 |
Trend Context
15MDOWNTrend forming
30MDOWNTrend forming
1HDOWNChoppy / sideways
2HDOWNSolid trend
4HDOWNSolid trend
8HDOWNVery strong trend
12HDOWNSolid trend
1DDOWNSolid trend
Analysis
🎯 Key Takeaways
- All timeframes align bearish, with the strongest trend on the 8H chart (4/5).
- Multiple indicators (CCI, DI, DM, MACD) have crossed down, confirming downside momentum.
- Watch resistance at 212.32100; a break above would invalidate the bearish setup.
- Support at 211.69200 is the immediate downside target; a break could open further losses.
The GBP/JPY 1H signal is firmly bearish, backed by a confluence of technical triggers: a Trendline Break Down, a Double Bottom (which typically signals a reversal but here aligns with the broader downtrend), a Symmetrical Triangle breakdown, and multiple momentum crossovers (CCI, DI, DM, MACD) all pointing lower. The trend across timeframes is uniformly bearish, with solid to very strong trend scores on the 2H through daily charts, while the shorter 15m/30m timeframes show emerging bearish trends. This alignment suggests the bearish move has legs, and the 1H choppiness may be a pause before continuation. Key levels to watch are the nearest resistance at 212.32100, which should now act as a ceiling, and the nearest support at 211.69200, a break of which could accelerate the decline. The Fibonacci group also adds confluence, likely identifying retracement levels that could offer resistance. Overall, the signal suggests selling rallies toward resistance with a target toward support, but traders should be mindful of the moderate strength and the possibility of a bounce from support.
Catalysts
- ▼ Bearish trend alignment across all timeframes, with solid to very strong scores on higher timeframes.
- ▼ Confluence of trendline break, chart pattern (Double Bottom, Symmetrical Triangle), and momentum crossovers.
- ▼ Fibonacci levels likely providing additional resistance, reinforcing the sell zone.
- ▼ Signal probability of 72% indicates a high-confidence setup.
Risk Factors
- ▲ The 1H trend is choppy/sideways (1/5), suggesting potential consolidation before further decline.
- ▲ A break above the nearest resistance at 212.32100 would invalidate the bearish signal.
- ▲ The Double Bottom pattern could indicate a reversal higher if price breaks above the pattern's neckline.
- ▲ If support at 211.69200 holds, a bounce could occur, especially if the RSI shows bullish divergence.
Symbol
GBP/JPY
Timeframe
1H
Direction
SELL
Probability
77%
Strength
STRONG
Date
2026-08-05 16:00
cat_ Forex
Forex
Support & Resistance
| Level | Price | Formed |
|---|---|---|
| R1 | 212.32100 | 2026-08-04 |
| R2 | 216.30900 | 2026-07-31 |
| R3 | 218.67600 | 2026-07-30 |
| S1 | 211.69200 | 2026-08-05 |
| S2 | 210.20500 | 2026-08-03 |
| S3 | 209.56500 | 2026-08-03 |
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