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GBPJPY
2/2 Summary of Key Levels

Daily & 4-Hour Support and Resistance

Daily Support Levels: 194.500, 193.800, 193.000
Daily Resistance Levels: 196.000, 196.500, 197.000

4-Hour Support Levels: 195.000, 194.750, 194.300
4-Hour Resistance Levels: 195.800, 196.200, 196.800

Exponential Moving Average (EMA) Levels

Daily EMA (50): 195.150
Daily EMA (100): 194.800
Daily EMA (200): 194.200
Daily EMA (400): 193.700

4-Hour EMA (50): 195.300
4-Hour EMA (100): 195.000
4-Hour EMA (200): 194.500
4-Hour EMA (400): 194.000

Weekly and Daily Pivots

Weekly Pivots:

Pivot Point: 195.000
Resistance 1: 196.000
Support 1: 194.000

Daily Pivots:

Pivot Point: 195.250
Resistance 1: 196.000
Support 1: 194.500

Fibonacci Retracement Levels

23.6% Level: 194.870
38.2% Level: 195.270
50.0% Level: 195.850
61.8% Level: 196.070

Fundamental Analysis and Upcoming USD News

As we look ahead, it's crucial to consider the impact of upcoming USD news on the GBPJPY market. Notable events include:

Non-Farm Payrolls (NFP): Scheduled for next week, this report is critical as it provides insights into employment trends in the U.S. A stronger-than-expected NFP could strengthen the USD, potentially putting downward pressure on GBPJPY.

Federal Reserve Interest Rate Decision: The upcoming FOMC meeting will be pivotal. Any hints of a rate hike could bolster the USD, influencing GBPJPY dynamics.

These fundamental factors will play a significant role in shaping market sentiment and price action in the coming days.

Conclusion

In conclusion, the GBPJPY pair is currently exhibiting a bullish outlook, supported by several technical indicators. However, traders should remain vigilant due to potential divergences and upcoming fundamental events that could sway market sentiment. By closely monitoring key support and resistance levels, EMAs, and upcoming economic data, traders can position themselves effectively in this dynamic market environment.
GBPJPY
1/1 GBPJPY Daily Market Analysis — June 6, 2025

Introduction

In today's analysis, we will delve into the GBPJPY currency pair, currently trading at 195.250 USD. This detailed market analysis will explore various time frames, specifically the daily and 4-hour charts, using crucial technical indicators such as Fibonacci Retracement Levels, Exponential Moving Averages (EMA), RSI divergence, Weekly and Daily Pivots, Smart Money Concepts (SMC), Support & Resistance Levels, Order Blocks, and MACD. This comprehensive overview aims to equip traders with the insights needed to make informed decisions in the current market environment.

Market Overview

The GBPJPY pair has shown significant volatility, influenced by both technical and fundamental factors. As we analyze the price action, we will focus on the following indicators to provide a well-rounded perspective.

Support & Resistance Levels

Daily Time Frame:

Support Levels:

S1: 194.500
S2: 193.800
S3: 193.000

Resistance Levels:

R1: 196.000
R2: 196.500
R3: 197.000

4-Hour Time Frame:

Support Levels:

S1: 195.000
S2: 194.750
S3: 194.300

Resistance Levels:

R1: 195.800
R2: 196.200
R3: 196.800

These levels are crucial for identifying potential entry and exit points in the market. Traders should monitor these areas closely as they may act as turning points for price action.

Fibonacci Retracement Levels

Using the swing high of 196.320 and swing low of 192.370, we can derive the Fibonacci Retracement levels:

23.6% Level: 194.870
38.2% Level: 195.270
50.0% Level: 195.850
61.8% Level: 196.070

The 50% level, located at 195.850, is particularly significant as it often serves as a strong psychological barrier.

Exponential Moving Averages (EMA)

Daily Time Frame:

EMA (50): 195.150
EMA (100): 194.800
EMA (200): 194.200
EMA (400): 193.700

4-Hour Time Frame:

EMA (50): 195.300
EMA (100): 195.000
EMA (200): 194.500
EMA (400): 194.000

The EMAs provide insight into the prevailing trend. On the daily chart, the price is currently above the 50 EMA, indicating a bullish sentiment. Conversely, on the 4-hour chart, the price is hovering around the 50 EMA, suggesting potential consolidation or indecision.

RSI Divergence

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. Currently, the RSI on the daily chart is at 62, indicating bullish momentum. However, a divergence has been noted, as price has made a higher high while RSI has made a lower high, suggesting potential weakness in the current uptrend.

Order Blocks

Order blocks are areas where significant buying or selling has occurred, often leading to future price reversals. Currently, we have identified a bullish order block around 194.500 and a bearish order block at 196.200. These zones are critical for understanding potential price reactions.

MACD Analysis

The Moving Average Convergence Divergence (MACD) indicator is currently showing a bullish crossover on the daily chart, with the MACD line above the signal line. This suggests a continuation of the upward trend, although traders should remain cautious of any potential pullbacks.
GBPJPY I think it should be a sell becz nfp is bad for the dollar and it will also make gbpjpy to sell, but wait till NY session