GBP/JPY – 1H – BUY
BUY 3× UPDATED CLOSED
17 hours ago
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Signal evolution
Conviction, candle by candle
conviction per candle
50% — below this the other side leads
Weakening. Conviction is lower than at entry — worth watching, no action implied.
Signals Fired
These are the triggers as captured when the signal opened (18 Sep 2026, 07:00 UTC, updated 3× since). They are not recalculated — the chart shows current candles.
| Signals Fired | Category | Weight | |
|---|---|---|---|
| ▲ | WILLR OB Exit | indicator | 2.68 |
| ▲ | ULTOSC OB Exit | indicator | 2.63 |
| ▲ | CMO OB Exit | indicator | 2.56 |
| ▲ | RSI OB Exit | indicator | 2.51 |
| ▲ | CCI OB Exit | indicator | 1.97 |
| ▼ | STOCH KD Cross Down | indicator | 1.75 |
| ▼ | KDJ Cross Down | indicator | 1.73 |
| ▼ | ZSCORE Extreme High Exit | indicator | 1.61 |
| ▼ | ZLMA Retreat Down | indicator | 1.46 |
| ▼ | HMA Retreat Down | indicator | 1.42 |
| ▼ | KELTNER UPPER Upper Retreat | indicator | 1.31 |
| ▼ | Collapsing Doji Star | candlestick | 0.96 |
| ▼ | Spinning Top Bearish | candlestick | 0.84 |
Trend Context
15MDOWNSolid trend
30MUPSolid trend
1HUPSolid trend
2HUPTrend forming
4HUPTrend forming
8HUPSolid trend
12HDOWNVery strong trend
1DDOWNSolid trend
Analysis
🎯 Key Takeaways
- The 1H signal is BUY but weak, driven by overbought exit signals and cross-downs, indicating a pullback within a broader bullish medium-term trend.
- Medium timeframes (30m to 8h) are bullish, while higher timeframes (12h, 1d) are bearish, creating mixed signals.
- Key support at 207.86400 is the level to watch; a break below would invalidate the bullish setup.
- Strength is weak, so the signal should be treated as a low-conviction long, not a strong trend entry.
The 1H signal for GBP/JPY is BUY with weak strength and 60% probability, driven by a cluster of overbought exit signals (CCI, CMO, RSI, ULTOSC, WILLR) and cross-downs (STOCH KD, KDJ, HMA Retreat). These typically indicate a short-term pullback within an ongoing bullish move, not necessarily a trend reversal. The medium-term timeframes (30m, 1h, 2h, 4h, 8h) all show bullish trends, with the 1h trend solid (3/5), suggesting the pullback may be a dip within a larger uptrend. However, the higher timeframes (12h, 1d) are bearish and strong, which caps upside potential and raises the risk of a deeper correction.
Key support is at 207.86400, which should hold if the bullish bias is to remain valid. A break below this level would invalidate the short-term bullish outlook and could accelerate selling toward lower supports. Resistance levels are not provided, so traders should watch for price action near recent highs or psychological levels. The confluence of overbought exits and cross-downs on the 1H suggests the pullback could be shallow if the medium-term trend resumes, but the conflicting higher timeframe trends warrant caution.
Key support is at 207.86400, which should hold if the bullish bias is to remain valid. A break below this level would invalidate the short-term bullish outlook and could accelerate selling toward lower supports. Resistance levels are not provided, so traders should watch for price action near recent highs or psychological levels. The confluence of overbought exits and cross-downs on the 1H suggests the pullback could be shallow if the medium-term trend resumes, but the conflicting higher timeframe trends warrant caution.
Catalysts
- ▲ Medium-term trend alignment: 30m, 1h, 2h, 4h, and 8h all show bullish trends, supporting the idea that the pullback is temporary.
- ▲ Overbought exit signals on multiple oscillators (CCI, CMO, RSI, ULTOSC, WILLR) suggest the market is ready for a short-term bounce or consolidation.
- ▲ Support at 207.86400 provides a defined level where buyers may step in if the pullback extends.
- ▲ The 1h trend is solid (3/5), indicating the dominant intraday bias remains bullish.
Risk Factors
- ▼ Higher timeframe bearish trends (12h very strong, 1d solid) could overpower the medium-term bullish momentum, leading to a deeper decline.
- ▼ The signal strength is weak and the probability is only 60%, reflecting low conviction; the pullback may continue or turn into a reversal.
- ▼ A break below 207.86400 would invalidate the bullish setup and likely trigger further selling.
- ▼ The cluster of overbought exits and cross-downs could indicate the start of a larger correction, not just a minor dip.
Symbol
GBP/JPY
Timeframe
1H
Direction
BUY
Conviction
38%
Strength
WEAK
Date
2026-09-18 09:00
cat_ Forex
Forex
Support & Resistance
| Level | Price | Formed |
|---|---|---|
| S1 | 207.86400 | 2026-09-17 |
| S2 | 207.29500 | 2026-09-11 |
| S3 | 207.08700 | 2026-09-08 |