GBP/JPY – 8H – SELL
SELL
65%
▲ Bullish 35% (2.91)
▼ Bearish 65% (5.46)
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Signal evolution
Events for GBP/JPY
Full calendar- TodayGBPRICS House Price Balance (Jul)●●○Forecast -30%Previous -33%in 17h
- TodayJPYPPI MoM (Jul)●●●Forecast 0.6%Previous 0.4%in 17h
- TodayJPYPPI YoY (Jul)●●●Forecast 7.4%Previous 7.1%in 17h
All times UTC.
Signals Fired
| Signals Fired | Category | Weight | |
|---|---|---|---|
| ▼ | Fibonacci Break DownTrend (0%) | fibonacci | 1.54 |
| ▲ | APO Zero Cross Up | indicator | 1.52 |
| ▼ | HT PHASOR Inphase Cross Down | indicator | 1.40 |
| ▲ | MAMA Cross Up | indicator | 1.39 |
| ▼ | BOP Zero Cross Down | indicator | 1.10 |
| ▼ | STOCH KD Cross Down | indicator | 1.08 |
| ▼ | SMA 50 Retreat Down | indicator | 1.06 |
| ▼ | Spinning Top Bearish | candlestick | 0.98 |
| ▼ | Tweezers Top | candlestick | 0.64 |
Trend Context
15MUPChoppy / sideways
30MUPChoppy / sideways
1HUPChoppy / sideways
2HUPChoppy / sideways
4HUPTrend forming
8HDOWNSolid trend
12HDOWNSolid trend
1DDOWNSolid trend
Analysis
🎯 Key Takeaways
- Multiple bearish indicators on the 8H chart suggest a potential short-term downtrend.
- Higher timeframes (12H, 1D) align bearish, supporting the sell signal.
- Watch the support at 209.565; a break below could confirm further downside.
- Resistance at 218.676 is the key level to monitor for invalidation.
The 8H GBP/JPY signal has fired a cluster of bearish indicators, including the APO Zero Cross Up, BOP Zero Cross Down, STOCH KD Cross Down, MAMA Cross Up, SMA 50 Retreat Down, HT PHASOR Inphase Cross Down, a Fibonacci Break DownTrend (0%), and a Spinning Top Bearish candlestick. This confluence suggests momentum is turning lower on the 8H timeframe, with the SMA 50 retreating and the MAMA cross up indicating a potential shift in trend direction. The bearish sentiment is reinforced by the higher timeframes (12H and 1D) showing solid bearish trends, while the 8H itself is also bearish with a solid trend score. However, lower timeframes (15m to 2H) are still bullish but choppy, indicating that the immediate upside may be limited and could be fading. The key levels to watch are the nearest resistance at 218.676 and support at 209.565; a break below support would confirm the bearish move, while a move above resistance would invalidate the signal.
Catalysts
- ▼ Alignment of bearish trends on 8H, 12H, and 1D timeframes.
- ▼ Confluence of multiple indicator signals (APO, BOP, STOCH, MAMA, SMA 50, HT PHASOR) pointing lower.
- ▼ Fibonacci Break DownTrend at 0% suggests a breakdown from a retracement level.
- ▼ Spinning Top Bearish candlestick pattern adds to the bearish case.
Risk Factors
- ▲ Lower timeframes (15m-2H) are still bullish, which could lead to short-term bounces.
- ▲ The signal probability is only 65%, indicating moderate confidence.
- ▲ A move above resistance at 218.676 would invalidate the bearish setup.
- ▲ Momentum may be fading; the MAMA Cross Up could signal a potential reversal if price starts rising.
Symbol
GBP/JPY
Timeframe
8H
Direction
SELL
Probability
65%
Strength
MODERATE
Date
2026-08-11 08:00
cat_ Forex
Forex
Support & Resistance
| Level | Price | Formed |
|---|---|---|
| R1 | 218.67600 | 2026-07-30 |
| R2 | 219.60500 | 2026-07-15 |
| S1 | 209.56500 | 2026-08-03 |