GBP/JPY – 1H – SELL
SELL
97%
▲ Bullish 3% (0.93)
▼ Bearish 97% (30.18)
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Signal evolution
Signals Fired
| Signals Fired | Category | Weight | |
|---|---|---|---|
| ▼ | Fibonacci Break DownTrend (24%) | fibonacci | 1.94 |
| ▼ | SMA Retreat Down | indicator | 1.93 |
| ▼ | ICHIMOKU TK Cross Down | indicator | 1.90 |
| ▼ | EMA Retreat Down | indicator | 1.88 |
| ▼ | STOCHF KD Cross Down | indicator | 1.72 |
| ▼ | VORTEX Cross Down | indicator | 1.55 |
| ▼ | BIAS Zero Cross Down | indicator | 1.47 |
| ▼ | COPPOCK Zero Cross Down | indicator | 1.44 |
| ▼ | BOP Zero Cross Down | indicator | 1.41 |
| ▼ | Last Engulfing Bottom | candlestick | 1.26 |
| ▼ | Last Engulfing Top | candlestick | 1.15 |
| ▼ | Bearish Engulfing | candlestick | 1.12 |
| ▼ | Tweezers Top | candlestick | 0.96 |
| ▲ | ERI BULL Zero Cross Up | indicator | 0.93 |
| ▼ | Belt Hold Bearish | candlestick | 0.75 |
Trend Context
15MDOWNSolid trend
30MDOWNTrend forming
1HDOWNSolid trend
2HDOWNVery strong trend
4HDOWNVery strong trend
8HDOWNSolid trend
12HDOWNTrend forming
1DDOWNChoppy / sideways
Analysis
🎯 Key Takeaways
- A dense cluster of bearish signals on the 1H chart, including BOP, STOCHF, EMA/SMA, BIAS, COPPOCK, and ICHIMOKU crosses, all pointing lower.
- Multi-timeframe alignment is strongly bearish from 15m up to 8h, with the 2h and 4h showing very strong trend scores.
- The daily trend is only mildly bearish and choppy, so the downside may be limited until the daily trend strengthens.
- Key levels: resistance at 216.826, support at 209.955; a break below current levels targets the support zone.
The 1H GBP/JPY chart has fired a dense cluster of bearish signals, led by a BOP Zero Cross Down, STOCHF KD Cross Down, EMA and SMA Retreat Downs, BIAS Zero Cross Down, COPPOCK Zero Cross Down, and an ICHIMOKU TK Cross Down, among more than a dozen total. This breadth of confirmation across momentum, trend, and volatility-based indicators points to strong selling pressure aligning on the 1H timeframe. The bearish read is reinforced by the multi-timeframe structure: 15m, 1h, 2h, 4h, and 8h all show bearish trends, with the 2h and 4h rated as very strong (4/5). The 30m and 12h are also bearish but still forming, while the daily is only mildly bearish and choppy, suggesting the broader daily trend is not yet fully committed to the downside.
Key levels to watch are the nearest resistance at 216.826 and the nearest support at 209.955. A sustained break below the current price action could open the path toward the support zone, but the daily's choppy condition warrants caution—downside may be limited until the daily trend strengthens. The confluence of signals and the alignment across multiple timeframes give this setup a high probability (97%) and very strong strength, but traders should monitor the daily trend for confirmation and watch for any reversal signals near the support level.
Key levels to watch are the nearest resistance at 216.826 and the nearest support at 209.955. A sustained break below the current price action could open the path toward the support zone, but the daily's choppy condition warrants caution—downside may be limited until the daily trend strengthens. The confluence of signals and the alignment across multiple timeframes give this setup a high probability (97%) and very strong strength, but traders should monitor the daily trend for confirmation and watch for any reversal signals near the support level.
Catalysts
- ▼ High confluence of over a dozen bearish signals across multiple indicator groups (indicator, candlestick, fibonacci).
- ▼ Strong bearish trend alignment across 15m, 1h, 2h, 4h, and 8h timeframes, with 2h and 4h rated very strong.
- ▼ The presence of an ICHIMOKU TK Cross Down adds a classic trend-reversal confirmation.
- ▼ The very strong signal strength (97% probability) reflects robust technical alignment.
Risk Factors
- ▲ The daily trend is only mildly bearish and choppy (1/5), which could limit the depth of the move and lead to range-bound price action.
- ▲ If price fails to break below the current levels and instead rallies above the nearest resistance at 216.826, the bearish thesis would be invalidated.
- ▲ The 30m and 12h trends are still forming (2/5), suggesting momentum may not yet be fully confirmed on those timeframes.
- ▲ A bounce off the nearest support at 209.955 could signal exhaustion of the downside move.
Symbol
GBP/JPY
Timeframe
1H
Direction
SELL
Probability
97%
Strength
VERY STRONG
Date
2026-09-04 19:00
cat_ Forex
Forex
Support & Resistance
| Level | Price | Formed |
|---|---|---|
| R1 | 216.82600 | 2026-09-01 |
| R2 | 216.99700 | 2026-08-28 |
| R3 | 217.34000 | 2026-08-25 |
| S1 | 209.95500 | 2026-09-03 |