GBP/JPY – 30M – BUY

The GBP/JPY 30-minute chart has fired a cluster of bullish signals, including a BOP Zero Cross Up, MACD Signal Cross Up, STOCHRSI KD Cross Up, and Fibonacci Break UpTrend (0%), alongside retreats in DEMA, MAMA PRICE, and MIDPRICE. These indicators suggest that the recent bearish momentum is stalling and that a short-term bullish reversal may be underway. However, the higher timeframes (1H, 4H, 8H, 12H, 1D) all remain bearish, with the 8H trend very strong (4/5), indicating that the broader trend is still down. The bullish signals on the 30M are therefore likely to be a counter-trend bounce rather than a full reversal.

Key levels to watch are the nearest resistance at 213.257 and support at 211.455. A break above resistance would signal stronger bullish momentum, while a move below support would invalidate the bullish case and likely resume the downtrend. The confluence of multiple indicators on the 30M, combined with the bearish higher timeframes, suggests a cautious approach: traders might look for short-term long opportunities but must be prepared for the possibility of the bounce fading near resistance.