GBP/JPY – 2H – BUY
BUY
96%
▲ Bullish 96% (48.18)
▼ Bearish 4% (1.96)
Loading…
Signal evolution
Signals Fired
| Signals Fired | Category | Weight | |
|---|---|---|---|
| ▼ | Bear Flag | chart_pattern | 2.99 |
| ▲ | DEMA Retreat Up | indicator | 2.26 |
| ▲ | Fibonacci Retreat UpTrend (79%) | fibonacci | 2.06 |
| ▲ | STOCHF KD Cross Up | indicator | 1.75 |
| ▼ | HT SINE Zero Cross Down | indicator | 1.71 |
| ▲ | BOP Zero Cross Up | indicator | 1.70 |
| ▲ | MA Retreat Up | indicator | 1.59 |
| ▲ | CCI Zero Cross Up | indicator | 1.48 |
| ▼ | MOM Zero Cross Down | indicator | 1.41 |
| ▼ | ROC Zero Cross Down | indicator | 1.41 |
| ▼ | ROCR Cross Down | indicator | 1.41 |
| ▲ | HT TRENDLINE Retreat Up | indicator | 1.37 |
| ▲ | MAMA Cross Up | indicator | 1.15 |
| ▲ | Bullish Engulfing | candlestick | 1.12 |
| ▲ | Belt Hold Bullish | candlestick | 0.82 |
Trend Context
15MUPTrend forming
30MUPChoppy / sideways
1HUPChoppy / sideways
2HDOWNSolid trend
4HDOWNVery strong trend
8HDOWNVery strong trend
12HDOWNSolid trend
1DDOWNSolid trend
Analysis
🎯 Key Takeaways
- Multiple bullish signals on the 2H chart suggest a potential bounce, but the overall trend is bearish on higher timeframes.
- The Bear Flag pattern and indicator crossovers (BOP, CCI, STOCHF) are the main bullish drivers.
- Watch the nearest resistance at 218.676; a break above could signal a stronger rally, while a drop below support at 209.565 would negate the setup.
- This is a counter-trend signal; risk is elevated, so position sizing and stop-losses are crucial.
The GBP/JPY 2H signal fires a BUY, driven by a cluster of indicator crossovers (BOP Zero Cross Up, CCI Zero Cross Up, STOCHF KD Cross Up) and a Bear Flag pattern, suggesting a potential bullish reversal within a broader downtrend. However, the higher timeframes (4H, 8H, 12H, 1D) remain firmly bearish, with strong trend scores, indicating that this bounce may be counter-trend. The lower timeframes (15m, 30m, 1h) show tentative bullish momentum, but the 2H itself is bearish, creating a conflicting picture.
Key levels to watch: nearest resistance at 218.676 and nearest support at 209.565. A break above resistance could confirm a deeper pullback, while a loss of support would invalidate the bullish case. The confluence of multiple indicators and the Bear Flag pattern provides some bullish impetus, but traders should be cautious given the overwhelming bearish bias on higher timeframes.
Key levels to watch: nearest resistance at 218.676 and nearest support at 209.565. A break above resistance could confirm a deeper pullback, while a loss of support would invalidate the bullish case. The confluence of multiple indicators and the Bear Flag pattern provides some bullish impetus, but traders should be cautious given the overwhelming bearish bias on higher timeframes.
Catalysts
- ▲ Confluence of multiple technical indicators (BOP, CCI, STOCHF) all turning positive on the 2H timeframe.
- ▲ Bear Flag pattern, a classic continuation pattern that can sometimes lead to reversals when combined with other signals.
- ▲ Bullish momentum in the lower timeframes (15m, 30m, 1h) may provide short-term support for the bounce.
- ▲ The signal's probability is 69%, indicating a moderately strong edge.
Risk Factors
- ▼ Higher timeframes (4H, 8H, 12H, 1D) are all bearish with strong trend scores, suggesting the broader trend is down and may overwhelm the 2H bounce.
- ▼ The 2H timeframe itself is bearish, so the buy signal is counter-trend on its own timeframe.
- ▼ Momentum indicators like MOM, ROC, and ROCR are crossing down, which could indicate that the bullish momentum is waning.
- ▼ A break below the nearest support at 209.565 would invalidate the bullish setup and likely lead to further declines.
Symbol
GBP/JPY
Timeframe
2H
Direction
BUY
Probability
96%
Strength
VERY STRONG
Date
2026-08-05 06:00
cat_ Forex
Forex
Support & Resistance
| Level | Price | Formed |
|---|---|---|
| R1 | 218.67600 | 2026-07-30 |
| R2 | 218.82900 | 2026-07-20 |
| R3 | 219.60500 | 2026-07-15 |
| S1 | 209.56500 | 2026-08-03 |
Similar Signals
↑
XRP/USDT –
4H –
BUY
2026-08-05 16:00
↑
TRX/USDT –
4H –
BUY
2026-08-05 16:00
Trendline Break Up
↓
TRX/USDT –
30M –
SELL
2026-08-05 19:30
Trendline Retreat Down + 1 more
↑
SOL/USDT –
2H –
BUY
2026-08-05 18:00
Trendline Break Up + 1 more
↓
SOL/USDT –
1H –
SELL
2026-08-05 19:00
Trendline Retreat Down + 1 more