GBP/JPY – 1D – SELL

The GBP/JPY daily chart has triggered a confluence of bearish signals, including a Rectangle pattern breakdown, a strong ADX trend reading, and multiple moving average retreats (T3, ALMA) confirming downside momentum. The MAMA Price Break Down and APO Zero Cross Down further corroborate the bearish bias, while the Fibonacci Retreat DownTrend (24%) suggests price is retracing within a larger downtrend, potentially setting up for continued declines. The STOCH KD Cross Up is a counter-signal indicating short-term oversold conditions, but it is likely to be a minor pullback within the broader bearish structure.

Across timeframes, the bearish trend is consistent, with the 4H showing an extremely strong trend (5/5) and the 2H and 8H very strong (4/5), while the 15M, 1H, and 12H are solid (3/5). The daily timeframe itself is only trend forming (2/5), which suggests the larger trend is still developing, but the alignment across multiple timeframes adds weight to the sell signal. The nearest resistance at 217.46400 is a key level to watch; a break above it would invalidate the bearish setup. With no immediate support defined, the downside may be open, but traders should monitor for any signs of reversal or momentum fade.