GBP/JPY – 8H – BUY
BUY
100%
▲ Bullish 100% (5.38)
▼ Bearish 0% (0.00)
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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
15MDOWNChoppy / sideways
30MDOWNTrend forming
1HDOWNSolid trend
2HDOWNTrend forming
4HDOWNChoppy / sideways
8HDOWNTrend forming
12HDOWNSolid trend
1DDOWNSolid 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.
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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