GBP/JPY – 2H – BUY
BUY
69%
▲ Bullish 69% (24.55)
▼ Bearish 31% (10.88)
Loading…
Signal evolution
Signals Fired
| Signals Fired | Category | Weight | |
|---|---|---|---|
| ▼ | Trendline Break Down | trendline | 2.79 |
| ▼ | Bear Pennant | chart_pattern | 2.61 |
| ▲ | CCI OS Exit | indicator | 2.27 |
| ▼ | ER Level Cross Down | indicator | 1.82 |
| ▼ | Fibonacci Break DownTrend (24%) | fibonacci | 1.79 |
| ▲ | BOP Zero Cross Up | indicator | 1.75 |
| ▲ | STOCHRSI KD Cross Up | indicator | 1.74 |
| ▲ | SMI Signal Cross Up | indicator | 1.66 |
| ▲ | AO Saucer Bullish | indicator | 1.62 |
| ▲ | VORTEX Cross Up | indicator | 1.42 |
| ▲ | HMA Direction Up | indicator | 1.26 |
| ▲ | TTM TREND Trend Up | indicator | 1.11 |
| ▲ | DEMA Retreat Up | indicator | 1.10 |
| ▲ | Hammer | candlestick | 1.10 |
| ▲ | Support Level Retreat Up | sr | 0.91 |
| ▲ | BBANDS LOWER Retreat Up | indicator | 0.73 |
| ▲ | HMA Retreat Up | indicator | 0.62 |
Trend Context
15MDOWNChoppy / sideways
30MDOWNTrend forming
1HDOWNSolid trend
2HDOWNVery strong trend
4HDOWNExtremely strong trend
8HDOWNVery strong trend
12HDOWNSolid trend
1DDOWNTrend forming
Analysis
🎯 Key Takeaways
- The 2H signal is BUY, but the broader trend is strongly bearish across all timeframes, so this is a counter-trend bounce.
- Multiple oscillator signals (CCI, STOCHRSI, BBANDS, DEMA, AO) point to short-term oversold conditions and a potential retracement.
- Watch the nearest resistance at 211.80800; a break above could signal a stronger reversal, while support at 207.08700 is the invalidation level.
- Given the strong bearish trend on higher timeframes, any bounce is likely limited and should be treated with caution.
The 2H GBP/JPY signal is BUY, yet the broader trend is firmly bearish across all timeframes, with the 4H showing an extremely strong downtrend (5/5) and the 2H at 4/5. The signal is driven by a cluster of counter-trend indicators: a Trendline Break Down, Bear Pennant, and multiple oscillator exits (CCI OS Exit, STOCHRSI KD Cross Up, BBANDS LOWER Retreat Up, DEMA Retreat Up, AO Saucer Bullish) suggest a short-term bounce within the larger downtrend. The probability is 65% with moderate strength, but the alignment of lower timeframes (15m and 30m) is bearish and choppy, indicating the bounce may be shallow.
Key levels to watch: nearest resistance at 211.80800 and support at 207.08700. A break above resistance could signal a stronger reversal, while a failure to hold above support would invalidate the bullish case and likely resume the dominant downtrend. The signal's counter-trend nature means traders should be cautious, as the higher-timeframe bearish momentum could overwhelm the short-term bullish signals.
Key levels to watch: nearest resistance at 211.80800 and support at 207.08700. A break above resistance could signal a stronger reversal, while a failure to hold above support would invalidate the bullish case and likely resume the dominant downtrend. The signal's counter-trend nature means traders should be cautious, as the higher-timeframe bearish momentum could overwhelm the short-term bullish signals.
Catalysts
- ▲ Cluster of oversold signals (CCI OS Exit, STOCHRSI KD Cross Up, BBANDS LOWER Retreat Up) suggests short-term buying pressure.
- ▲ Trendline Break Down and Bear Pennant patterns often precede a bounce within a downtrend.
- ▲ AO Saucer Bullish adds to the bullish momentum argument for a retracement.
- ▲ The 2H timeframe shows a very strong trend (4/5), which may provide a platform for a short-term bounce.
Risk Factors
- ▼ The dominant bearish trend on 4H (5/5) and 8H (4/5) could easily overwhelm the counter-trend bounce.
- ▼ Lower timeframes (15m, 30m) are still bearish, suggesting the bounce may be weak or short-lived.
- ▼ If price fails to hold above support at 207.08700, the bullish signal is invalidated and the downtrend likely resumes.
- ▼ Resistance at 211.80800 is a nearby opposing level that could cap any upside move.
Symbol
GBP/JPY
Timeframe
2H
Direction
BUY
Probability
69%
Strength
MODERATE
Date
2026-09-09 10:00
cat_ Forex
Forex
Support & Resistance
| Level | Price | Formed |
|---|---|---|
| R1 | 211.80800 | 2026-09-04 |
| R2 | 216.82600 | 2026-09-01 |
| R3 | 216.99700 | 2026-08-28 |
| S1 | 207.08700 | 2026-09-08 |
Similar Signals
↓
EUR/USD –
30M –
SELL
2026-09-10 10:00
Trendline Retreat Down + 1 more
↓
AUD/USD –
30M –
SELL
2026-09-10 10:00
Trendline Break Down + 2 more
↓
FLO/KIUSDT –
1H –
SELL
2026-09-10 06:00
Trendline Break Down + 2 more
↑
FLO/KIUSDT –
30M –
BUY
2026-09-10 06:30
Trendline Break Down
↓
ETH/USDT –
1H –
SELL
2026-09-10 06:00
Bear Flag