GBP/JPY – 1H – SELL

The 1H GBP/JPY chart has fired a dense cluster of bearish signals, including a Trendline Retreat Down, Trendline Break Down, Double Top, BOP Zero Cross Down, STOCHF KD Cross Down, BBANDS LOWER Retreat Up, DEMA Retreat Down, and EMA Retreat Down, among others. This confluence of trendline, candlestick, indicator, chart pattern, support/resistance, and Fibonacci signals points to a strong bearish momentum on the short-term timeframe. The price is retreating from a resistance area and has broken a key trendline, suggesting that the recent bullish correction may be over. The nearest support at 215.75900 is the immediate downside target, while resistance at 216.21400 caps any upside recovery.

Across timeframes, the picture is mixed but leans bearish in the short term. The 15m, 30m, and 1H timeframes are all bearish, though the 30m and 1H are choppy/sideways, indicating that the bearish move is not yet fully developed. Meanwhile, higher timeframes (2H, 4H, 8H, 12H) are still bullish, which could provide a counter-trend headwind. The daily timeframe is bearish, aligning with the 1H signal. This mixed alignment suggests that the bearish move may be part of a larger correction within an overall bullish trend, but the immediate momentum favors the downside. Traders should watch for a break below the support to confirm the trend, and a move above resistance would invalidate the bearish setup.