💹 GBPJPY 13th February 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 192.416

Below DCMP = Support | Above DCMP = Resistance

Key Levels Summary 🔑

Support & Resistance

Resistance (Sell Zones):

Immediate Resistance: 193.118 🚨 | Strong Resistance: 194.537

Critical Swing High: 194.762

Support (Buy Zones):

• Immediate Support: 191.673 | Strong Support: 190.027

• Critical Swing Low: 190.027

Technical Analysis Breakdown 🔍

Fibonacci Retracement:

• Price consolidating near DCMP (192.416). Break above 193.118 targets 194.537, while a drop below 191.673 risks 190.027.

RSI & MACD:

• RSI at 52 (neutral momentum).

• MACD histogram flattening near the zero line, signaling consolidation.
  

Intraday Trade Setups 💡

1️⃣ Intraday Buy Trade

• Entry: 191.673 🟢 (Key Support Zone)

• Stop Loss: 190.027 🔴

• Take Profit 1: 192.653 🟡 | Take Profit 2: 193.118 🎯

Rationale: Strong support confluence at 191.673 aligns with Fib retracement. Upside targets pivot and immediate resistance.

2️⃣ Intraday Sell Trade

• Entry: 193.118 🔴 (Critical Resistance)

• Stop Loss: 194.537 🛑

• Take Profit 1: 192.416 🟡 | Take Profit 2: 191.673 🎯

Rationale: Rejection likely at 193.118 (resistance zone). Downside targets align with Fib support levels.

Risk Management ⚠️

• Maintain a 1:3 risk-reward ratio.

• Monitor 4H closing prices for trend confirmation.

Note: GBPJPY shows range-bound behavior; trade reversals at key levels with strict stops.

📉 Final Takeaway: Focus on 191.673 (buy) and 193.118 (sell). Align stops with swing levels (194.537 / 190.027) for optimal risk control.