GBP/USD – 8H – BUY

The GBP/USD 8H signal is a strong bullish confluence, driven by a break of a downward trendline, a Fibonacci break to the upside at the 24% retracement level, and multiple momentum indicators flipping bullish (BOP Zero Cross Up, EMA 200 Retreat Up, TEMA Retreat Up, TTM TREND Trend Up). The HT TRENDMODE shift to Cycle and the HMA Direction Down initially appear contradictory, but the broader picture suggests a transition from a bearish cycle into an early bullish phase, supported by the daily timeframe turning bullish.

However, the higher timeframe alignment is mixed. While the daily is bullish, the intermediate timeframes (30m through 12h) are still bearish and trend forming, indicating that the bullish move on the 8H may be a counter-trend rally within a larger correction. The nearest resistance at 1.36753 is a key hurdle; a break above it would confirm the bullish reversal, while the support at 1.34740 remains the critical invalidation level. The 15m is choppy, suggesting near-term volatility, but the strength of the signal (80% probability) and the confluence of trendline, Fibonacci, and indicator breaks tilt the bias upward.