GBPJPY GBPJPY Daily Analysis Based on Main Key Levels โ April 29, 2025
Daily Current Market Price (DCMP): ๐น 191.114
๐ 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
๐ Trade Setups
1๏ธโฃ Intraday Buy Trade
Entry: ๐ฏ 190.153 (Strong Support Zone)
Stop Loss: โ ๏ธ 189.347 (Support3)
Take Profit 1: ๐ฐ 191.114 (DCMP)
Take Profit 2: ๐ 191.778
Rationale: Price tests 61.8% Fibonacci retracement (188.800-193.060) with bullish RSI divergence.
2๏ธโฃ Intraday Sell Trade
Entry: ๐ฏ 191.778 (Key Resistance Cluster)
Stop Loss: โ ๏ธ 192.782 (Resistance2)
Take Profit 1: ๐ฐ 191.114
Take Profit 2: ๐ 190.153
Rationale: Bearish MACD crossover near 191.778-191.942 supply zone.
๐ 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.
