British Pound / Japanese Yen

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British Pound / Japanese Yen forum

๏ปฟ


GBPJPY my sell from 191.30-191.09 to TP 190.70 all close with today 150pips for total of the day target meet . First Buy limit from 190.70 also activated





GBPJPY
GBPJPY Daily Analysis Based on Main Key Levels โ€“ April 29, 2025

Daily Current Market Price (DCMP): ๐Ÿ’น 191.114

๐Ÿ” Key Technical Snapshot

Swing High: 193.060
Swing Low: 188.800

Above DCMP (Resistance): 191.778, 191.942, 192.782
Below DCMP (Support): 190.153, 190.502, 190.712

๐Ÿ“Š Trade Setups

1๏ธโƒฃ Intraday Buy Trade

Entry: ๐ŸŽฏ 190.153 (Strong Support Zone)
Stop Loss: โš ๏ธ 189.347 (Support3)
Take Profit 1: ๐Ÿ’ฐ 191.114 (DCMP)
Take Profit 2: ๐Ÿš€ 191.778

Rationale: Price tests 61.8% Fibonacci retracement (188.800-193.060) with bullish RSI divergence.

2๏ธโƒฃ Intraday Sell Trade

Entry: ๐ŸŽฏ 191.778 (Key Resistance Cluster)
Stop Loss: โš ๏ธ 192.782 (Resistance2)
Take Profit 1: ๐Ÿ’ฐ 191.114
Take Profit 2: ๐Ÿš€ 190.153

Rationale: Bearish MACD crossover near 191.778-191.942 supply zone.

๐Ÿ“‰ Technical Indicators

Fibonacci Levels: 188.800 (Swing Low) to 193.060 (Swing High) retracement active.
RSI: 48 (Neutral with bearish momentum building).
MACD: Lines converging near zero, potential trend shift.

GBPJPY BUY 191.200
TP 1 - 191.600 TP 2 - 192.000 TP 3 - Open
SL - 189.700 (Adjust for TP hits)
Enjoy daily profitable trading with me ๐Ÿ™Œ๐Ÿป๐Ÿ“ˆ๐Ÿ‡ฆ๐Ÿ‡บ

GOLD To Become Successful Trader Follow These Habits
1) Manage Risk Use Small Lots Size And Always Set a Stop Loss
2) Keep Learning Learn From Mistake And Improve Your Strategy
3) Stay Disciplined Create a Trading Plan And Stick To It
4) Control Emotions Don't Make Decisions Based On Fear or Greed
5) Understand The Market Never Trade Without Research
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