GBP/JPY – 30M – BUY
BUY
91%
▲ Bullish 91% (51.85)
▼ Bearish 9% (4.97)
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Signal evolution
Events for GBP/JPY
Full calendar- TomorrowGBPUnemployment Rate (Jun)●●●Forecast 4.9%Previous 4.9%in 1 day
- TomorrowGBPClaimant Count Change (Jul)●●●Previous 6.7in 1 day
- TomorrowGBPEmployment Change (Jun)●●●Forecast 15Previous 147in 1 day
All times UTC.
Signals Fired
| Signals Fired | Category | Weight | |
|---|---|---|---|
| ▲ | WILLR OS Exit | indicator | 2.99 |
| ▼ | Trendline Break Down | trendline | 2.96 |
| ▲ | Support Level Retreat Up | sr | 2.41 |
| ▲ | EMA 200 Retreat Up | indicator | 2.29 |
| ▲ | SMA 200 Retreat Up | indicator | 2.18 |
| ▲ | Fibonacci Break UpTrend (24%) | fibonacci | 2.18 |
| ▲ | HT TRENDMODE Mode to Trend | indicator | 2.06 |
| ▲ | STOCHF KD Cross Up | indicator | 1.92 |
| ▲ | BOP Zero Cross Up | indicator | 1.85 |
| ▲ | CCI OS Exit | indicator | 1.79 |
| ▲ | CMO Zero Cross Up | indicator | 1.71 |
| ▲ | RSI Midline Cross Up | indicator | 1.71 |
| ▲ | Bullish Engulfing | candlestick | 1.20 |
| ▲ | MAMA Cross Up | indicator | 1.14 |
| ▲ | Belt Hold Bullish | candlestick | 0.94 |
Trend Context
15MDOWNTrend forming
30MDOWNChoppy / sideways
1HDOWNChoppy / sideways
2HUPChoppy / sideways
4HUPChoppy / sideways
8HUPTrend forming
12HDOWNTrend forming
1DDOWNTrend forming
Analysis
🎯 Key Takeaways
- Strong bullish momentum on the 30m chart with multiple oscillators exiting oversold conditions.
- Immediate upside target is the nearest resistance at 215.895; support at 214.888 is the key invalidation level.
- Higher timeframe trends are mixed, with bullish signals on 2H-8H but bearish on 12H and 1D, indicating a possible counter-trend bounce.
- Watch for a sustained break above the 30m bearish trendline to confirm the bullish reversal.
The GBP/JPY 30-minute chart has triggered a strong bullish signal cluster (94% probability, very strong strength) as multiple momentum oscillators—CCI, CMO, RSI, STOCHF, and WILLR—simultaneously exited oversold conditions and crossed key midlines or zero lines. This is reinforced by a Trendline Break Down (bullish interpretation) and an EMA 200 Retreat Up, suggesting the pair is rebounding from a short-term downtrend. The confluence of these signals points to a potential upward move toward the nearest resistance at 215.895, with support at 214.888 providing a floor.
However, the higher timeframe picture is mixed: while the 2H, 4H, and 8H trends are bullish, the 15m, 30m, 1h, 12h, and 1d trends remain bearish. This divergence suggests the current bullish momentum may be a counter-trend bounce within a larger bearish structure. The signal's strength is high, but traders should watch whether price can sustain above the 30m bearish trendline and hold above support, as a failure could invalidate the setup.
However, the higher timeframe picture is mixed: while the 2H, 4H, and 8H trends are bullish, the 15m, 30m, 1h, 12h, and 1d trends remain bearish. This divergence suggests the current bullish momentum may be a counter-trend bounce within a larger bearish structure. The signal's strength is high, but traders should watch whether price can sustain above the 30m bearish trendline and hold above support, as a failure could invalidate the setup.
Catalysts
- ▲ Confluence of multiple momentum indicators (CCI, CMO, RSI, STOCHF, WILLR) all turning bullish simultaneously.
- ▲ Trendline Break Down (bullish) and EMA 200 Retreat Up add structural support to the reversal.
- ▲ Strong signal strength (94% probability) and very strong rating increase confidence in the move.
- ▲ Support at 214.888 is holding, providing a base for the upward push.
Risk Factors
- ▼ Higher timeframe trends are predominantly bearish (15m-1h, 12h, 1d), which could cap upside or reverse the bounce.
- ▼ A drop below the nearest support at 214.888 would invalidate the bullish setup.
- ▼ The bullish signal may be a short-term correction within a larger downtrend, leading to a failed breakout.
- ▼ Momentum could fade if price fails to break resistance at 215.895, resulting in a range-bound move.
Symbol
GBP/JPY
Timeframe
30M
Direction
BUY
Probability
91%
Strength
VERY STRONG
Date
2026-08-17 06:00
cat_ Forex
Forex
Support & Resistance
| Level | Price | Formed |
|---|---|---|
| R1 | 215.89500 | 2026-08-14 |
| S1 | 214.88800 | 2026-08-14 |
| S2 | 214.87400 | 2026-08-14 |
| S3 | 214.79000 | 2026-08-13 |
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