GBP/JPY – 30M – SELL

The GBP/JPY 30-minute chart has fired a dense cluster of bearish signals, led by a Trendline Retreat Down and multiple bottom patterns (Double Bottom, Triple Bottom) that have also retreated downward, indicating that what initially looked like reversal attempts have failed and sellers have regained control. The BOP Zero Cross Down confirms selling pressure, while the WILLR OB Exit suggests overbought conditions are unwinding. MACD Zero Cross Up, however, is a counter-signal, hinting at a possible short-term bounce, but the overall confluence of bearish signals outweighs this.

Across timeframes, the bias is uniformly bearish, with the 1h, 12h, and 1d timeframes showing solid trends (3/5), while the 30m, 2h, and 8h are forming trends (2/5). The 15m and 4h are choppy, but the higher-timeframe alignment supports the bearish case. Key levels to watch are resistance at 215.248 and support at 214.779. A break below support could extend the decline, while a reclaim of resistance would invalidate the bearish setup.