GBP/JPY 8H BUY

· 13 hours ago
BUY
100%
▲ BUY
VERY STRONG
Swing
Prognose: 69% historisch
▲ Bullish 100% (5.38) ▼ Bearish 0% (0.00)
GBP/JPY  ·  8H
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Signal evolution

Events for GBP/JPY

Full calendar
  • August 16, 2026JPYGDP Growth Rate QoQ (Q2)●●●Forecast 0.5%Previous 0.5%in 2 days
  • August 16, 2026JPYGDP Growth Annualized (Q2)●●○Forecast 2%Previous 1.8%in 2 days
  • August 18, 2026GBPEmployment Change (Jun)●●●Forecast 15Previous 147in 4 days

All times UTC.

Signals Fired

Signals Fired Category Weight
Fibonacci Retreat UpTrend (50%) fibonacci 1.30
STOCHRSI KD Cross Up indicator 1.16
BOP Zero Cross Up indicator 1.02
MAMA PRICE Retreat Up indicator 1.01
Spinning Top Bullish candlestick 0.99
TEMA Retreat Up indicator 0.91
EMA Retreat Up indicator 0.73

Trend Context

15M
DOWNChoppy / sideways
30M
DOWNTrend forming
1H
DOWNSolid trend
2H
DOWNTrend forming
4H
DOWNChoppy / sideways
8H
DOWNTrend forming
12H
DOWNSolid trend
1D
DOWNSolid trend

Analysis

🎯 Key Takeaways
  • Bullish signals fired on the 8H chart, but the higher timeframes remain bearish.
  • Watch the 50% Fibonacci retracement level as a potential turning point.
  • Resistance at 218.67600 and support at 209.56500 are the key levels to monitor.
  • The signal is strong, but it is counter-trend, so caution is advised.
The GBP/JPY 8H signal has fired a cluster of bullish indicators: BOP Zero Cross Up, STOCHRSI KD Cross Up, EMA Retreat Up, MAMA PRICE Retreat Up, TEMA Retreat Up, Fibonacci Retreat UpTrend (50%), and a Spinning Top Bullish candlestick. These signals align on the 8H timeframe, suggesting that the recent bearish move may be losing momentum and a bullish reversal could be underway. The retreats into the 50% Fibonacci level of the uptrend, combined with the candlestick pattern, point to a potential bounce.

However, the broader trend remains bearish across all timeframes, with the 1H, 12H, and 1D showing solid downtrends. This creates a conflict: the 8H signal is counter-trend, and its strength is very strong, but it must be weighed against the higher-timeframe bearish pressure. Key levels to watch are the nearest resistance at 218.67600 and support at 209.56500. A break above resistance would confirm the bullish reversal, while a drop below support would invalidate the signal.
Catalysts
  • Multiple bullish indicators (BOP, STOCHRSI, EMA, MAMA, TEMA) align on the 8H timeframe.
  • Price is retreating to the 50% Fibonacci level of the prior uptrend, often a support zone.
  • The Spinning Top Bullish candlestick suggests indecision that may resolve upward.
  • The signal strength is 'very strong' with 100% probability, indicating high confluence.
Risk Factors
  • The higher timeframes (1H, 12H, 1D) are in solid downtrends, which could overpower the 8H bullish signal.
  • The 8H trend score is only 2/5, indicating a weak trend that may not sustain a reversal.
  • If price breaks below the nearest support at 209.56500, the bullish setup is invalidated.
  • The bearish momentum across all timeframes could resume, leading to a failed bounce.
Symbol GBP/JPY
Timeframe 8H
Direction BUY
Probability 100%
Strength VERY STRONG
Date 2026-08-13 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

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