GBP/JPY – 1H – SELL
SELL
81%
▲ Bullish 19% (5.56)
▼ Bearish 81% (23.64)
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Signal evolution
Events for GBP/JPY
Full calendar- TodayGBPRICS House Price Balance (Jul)●●○Forecast -30%Previous -33%in 13h
- TodayJPYPPI MoM (Jul)●●●Forecast 0.6%Previous 0.4%in 14h
- TodayJPYPPI YoY (Jul)●●●Forecast 7.4%Previous 7.1%in 14h
All times UTC.
Signals Fired
| Signals Fired | Category | Weight | |
|---|---|---|---|
| ▲ | Symmetrical Triangle | chart_pattern | 3.23 |
| ▲ | Trendline Break Up | trendline | 3.18 |
| ▼ | Fibonacci Break DownTrend (0%) | fibonacci | 2.06 |
| ▼ | DEMA Retreat Down | indicator | 1.52 |
| ▼ | Trendline Retreat Down | trendline | 1.46 |
| ▼ | Resistance Level Retreat Down | sr | 1.35 |
| ▼ | BOP Zero Cross Down | indicator | 1.30 |
| ▼ | BBANDS MIDDLE Cross Down | indicator | 1.17 |
| ▼ | MAMA PRICE Retreat Down | indicator | 1.16 |
| ▼ | Bearish Engulfing | candlestick | 1.07 |
| ▼ | MOM Zero Cross Down | indicator | 0.98 |
| ▼ | ROC Zero Cross Down | indicator | 0.98 |
| ▼ | ROCR Cross Down | indicator | 0.98 |
Trend Context
15MDOWNChoppy / sideways
30MDOWNChoppy / sideways
1HUPChoppy / sideways
2HUPChoppy / sideways
4HUPTrend forming
8HDOWNSolid trend
12HDOWNSolid trend
1DDOWNSolid trend
Analysis
🎯 Key Takeaways
- Strong bearish signal on 1H with multiple confirmations from trendlines, chart patterns, and momentum indicators.
- Key downside target is support at 211.45500; a break below opens further downside.
- Higher timeframes (8H, 12H, 1D) are bearish, but 4H and below are still bullish, so watch for alignment.
- Resistance at 215.23600 is the invalidation level; reclaiming it would negate the bearish setup.
The 1H GBP/JPY signal is strongly bearish, with a 75% probability and strong strength, backed by a cluster of signals including a Trendline Break Up, Trendline Retreat Down, Symmetrical Triangle, and multiple zero-cross downs on BOP, MOM, ROC, and ROCR, plus a BBANDS MIDDLE Cross Down. These signals collectively indicate a shift from bullish to bearish momentum, with the symmetrical triangle suggesting a potential continuation lower after a breakdown. The bearish alignment across the 15m, 30m, 8h, 12h, and 1d timeframes supports the downside bias, even though the 1h, 2h, and 4h timeframes are still bullish, creating a mixed picture. The nearest support at 211.45500 is the key downside target, while resistance at 215.23600 caps upside attempts. The confluence of trendline breaks and momentum oscillators turning negative reinforces the bearish case, but the conflicting higher timeframe bullishness on 4h and below suggests caution. A break below support would confirm the continuation, while a reclaim of resistance would invalidate the setup.
Catalysts
- ▼ Confluence of bearish signals: Trendline Break Up, Trendline Retreat Down, Symmetrical Triangle, and multiple zero-cross downs.
- ▼ Bearish alignment on 15m, 30m, and daily timeframes (8H, 12H, 1D) supports the downside momentum.
- ▼ BBANDS MIDDLE Cross Down adds to the bearish momentum confirmation.
- ▼ Strong signal strength and high probability (75%) indicate robust bearish conviction.
Risk Factors
- ▲ Conflicting higher timeframe bias: 1H, 2H, and 4H are still bullish, which could stall the bearish move.
- ▲ If price reclaims resistance at 215.23600, the bearish setup is invalidated.
- ▲ Momentum oscillators may be overextended after the recent drop, leading to a pullback.
- ▲ The symmetrical triangle could resolve upward if the break fails, turning into a bull trap.
Symbol
GBP/JPY
Timeframe
1H
Direction
SELL
Probability
81%
Strength
STRONG
Date
2026-08-11 21:00
cat_ Forex
Forex
Support & Resistance
| Level | Price | Formed |
|---|---|---|
| R1 | 215.23600 | 2026-08-10 |
| R2 | 216.30900 | 2026-07-31 |
| R3 | 218.67600 | 2026-07-30 |
| S1 | 211.45500 | 2026-08-07 |
| S2 | 210.20500 | 2026-08-03 |
| S3 | 209.56500 | 2026-08-03 |
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