GBP/JPY – 2H – BUY

The 2H GBP/JPY signal is firing a cluster of bullish triggers despite the prevailing bearish trend on lower timeframes. The Trendline Break Down and Trendline Retreat Up suggest a failed downside move and a subsequent reclaim of a broken trendline, which often marks a bullish reversal. The BOP Zero Cross Up and STOCH KD Cross Up add momentum confirmation, while the ADX Trend Weak indicates the bearish trend lacks strength, making a reversal more plausible. The DI and DM crosses down may seem contradictory, but in this context they reflect a weakening of the bearish drive, aligning with the overall bullish bias.

Across timeframes, the picture is mixed: the 15m to 1h are bearish, but the 2H itself is choppy, and the 4H to 12H are bullish, suggesting that the longer-term trend is supportive of a bounce. The nearest resistance at 216.214 is the immediate upside target, while support at 214.779 is the key level to hold. A break above resistance would confirm the bullish reversal, while a loss of support would invalidate the signal.