GBPJPY 11th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 190.358

Price Context: Trading above immediate support at 189.060 🛡️ and below resistance at 192.350 🔥.

📊 Critical Levels & Technical Snapshot

Resistance Levels (Above DCMP):

R1: 192.350 🎯 (Weekly Pivot Resistance)

R2: 193.366

R3: 195.011

Support Levels (Below DCMP):

S1: 189.060 🎯 (Weekly Pivot Support)

S2: 188.044

S3: 186.399

Swing High/Low:

Recent Swing High: 193.060 📈

Recent Swing Low: 187.682 📉

📈 Technical Drivers

1. Fibonacci Confluence:

S1 (189.060) aligns with the 61.8% Fib retracement of the 187.682–193.060 swing, reinforcing buyer interest.

R1 (192.350) matches the 50% Fib extension level, creating a strong supply zone.

2. Momentum Signals:

RSI: Neutral at 52.1 but shows bearish divergence on 4H charts near overbought territory (70.3 peak).

MACD: Bearish histogram contraction with a potential crossover below the signal line.

🚨 Intraday Trade Setups

Trade Idea 1: Intraday Buy

Entry: 189.060 🎯 (Weekly Support)

Stop Loss: 188.044 🛑

Take Profit 1: 190.358 ✅ (DCMP Retest)

Take Profit 2: 190.749 ✅

Rationale: Strong confluence at S1 (189.060) with bullish RSI reversal and MACD stabilization.

Trade Idea 2: Intraday Sell

Entry: 192.350 🎯 (Weekly Resistance)

Stop Loss: 193.060 🛑

Take Profit 1: 191.213 ✅

Take Profit 2: 190.358 ✅

Rationale: R1 (192.350) aligns with descending trendline resistance and overbought RSI conditions.

⚠️ Risk Management Protocol

Tighten stops if prices breach swing levels (193.060 or 187.682).

Monitor BoJ intervention rhetoric and UK inflation data for volatility spikes.

Final Outlook

GBPJPY remains range-bound between 189.060–192.350. Prioritize trades at tested levels with strict 1:2 risk-reward ratios. A sustained break above 193.366 or below 188.044 may signal trend acceleration.