GBP/JPY – 30M – SELL

The 30-minute GBP/JPY chart has fired a dense cluster of bearish signals, led by a Trendline Retreat Down, a Bearish Engulfing candlestick, and a wave of zero-cross downs across BOP, MOM, ROC, and ROCR. Momentum oscillators (STOCHF) and the Williams %R exiting overbought territory corroborate the bearish tilt, while the signal groups span trendline, indicator, support/resistance, and candlestick patterns. This confluence suggests a short-term pullback within a broader bullish structure, with the nearest support at 215.75900 acting as the first downside target and the nearest resistance at 216.15400 defining the invalidation zone.

Across higher timeframes, the trend remains predominantly bullish from 30 minutes up to 12 hours, though most are choppy or only forming. The 1-day trend is bearish but also forming, offering some macro alignment with the short-term sell. However, the lack of strong trend scores on any timeframe (max 2/5) indicates that the bearish signal is counter-trend on the medium-term horizon. Traders should watch whether price holds below the resistance and respects the support; a break above 216.15400 would negate the bearish setup, while a sustained move below support could extend the correction.