British Pound / Japanese Yen

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GBPJPY
๐Ÿ’น GBPJPY Daily Analysis Based on Main Key Levels โ€“ 16th April 2025

Daily Current Market Price (DCMP): ๐Ÿท๏ธ 188.790

Price context: DCMP trades just below immediate resistance (189.598โ€“190.282) and above critical supports (187.413โ€“188.557).

๐Ÿ“‰ Key Levels Breakdown

Resistance/Sell Zones (Above DCMP)

R1: ๐Ÿšจ 189.598 (Price Congestion Zone)
R2: โšก 190.282 (Fibonacci 61.8% Resistance)
R3: ๐Ÿ”ฅ 193.132 (Swing High Confluence)

Support/Buy Zones (Below DCMP)

S1: ๐Ÿ›ก๏ธ 187.413 (Dynamic Trendline Support)
S2: ๐Ÿ”„ 185.228 (Breakdown Floor)

๐Ÿ” Technical Analysis Snapshot

Swing Levels:

Swing High: 193.060 (Daily Ceiling)
Swing Low: 188.800 (Daily Floor)

Fibonacci: 50% retracement at 189.216 aligns with consolidation.
RSI: Neutral at 52 (No divergence observed).
MACD: Bullish crossover emerging on 4H chart.

๐Ÿ’ก Intraday Trade Setups

Intraday Buy Trade

Entry: ๐ŸŸข 187.413 (Retest of Support Cluster)
Stop Loss: ๐Ÿ”ด 185.228 (-2.185 | Below S2)
Take Profit 1: ๐ŸŸก 189.598 (+2.185 | R1 Target)
Take Profit 2: ๐ŸŸข 190.282 (+2.869 | R2 Breakout)

Intraday Sell Trade

Entry: ๐Ÿ”ด 189.598 (Retest of Resistance Zone)
Stop Loss: ๐ŸŸข 190.282 (+0.684 | Above R2)
Take Profit 1: ๐ŸŸก 187.413 (-2.185 | S1 Reversion)
Take Profit 2: ๐Ÿ”ด 185.228 (-4.370 | S2 Target)

๐Ÿ“ˆ Critical Technical Drivers

Price Action: Break above 189.598 (R1) confirms bullish momentum; sustained trading below 187.413 (S1) signals bearish reversal.

MACD Histogram: Rising bullish bars indicate strengthening upside pressure.

Swing Alignment: Proximity to daily swing low (188.800) creates high-probability bounce setup.

GBPJPY I have a bullish bias though. lets see how it goes. Anything is possible.
Snapshot

GBPJPY was running profit 50 pips in short position..then suddenly boom..what happen. gbpaud goes down gbpjpy goes up

GBPJPY If this action has made you panic, take a break, breathe, don't rush your next move, be certain of it, and have your bias

GBPJPY definitely manipulation then distribution

Use SL, break even when possible, don't overleverage, and when unsure, stop/pause, take a look, strategise, then execute, don't revenge trade

Wishing all the best to you all!