📊 GBPJPY 13th January 2025 Daily Analysis Based on Main Key Levels

GBPJPY is currently trading at a Daily Current Market Price (DCMP) of 191.150. This analysis provides a crisp overview of key support and resistance levels, along with actionable intraday trade setups. By incorporating technical indicators like Fibonacci retracement, RSI divergence, and MACD crossing, traders can make informed decisions to optimize their trading strategies.

🔍 Key Levels Summary

Resistance Levels (Above DCMP):

🔴 Resistance 1: 192.032

🔴 Resistance 2: 194.167

🔴 Resistance 3: 195.756

Support Levels (Below DCMP):

🟢 Support 1: 190.604

🟢 Support 2: 188.293

🟢 Support 3: 186.612

Swing Levels:

Swing High: 198.960

Swing Low: 194.197

🔍 Technical Analysis of GBPJPY

The Daily Current Market Price (DCMP) of 191.150 is positioned between key resistance and support levels, offering potential opportunities for intraday trades.

Key Technical Indicators:

Fibonacci Levels: Resistance and support levels align closely with Fibonacci retracement and extension zones, confirming their reliability.

RSI Divergence: RSI indicates neutral momentum, with no extreme overbought or oversold signals.

MACD Crossing: MACD shows a slight bearish bias, suggesting potential pullbacks before a reversal.

🔍 Trade Setups for GBPJPY

Intraday Buy Trade Setup

📍 Entry Price: 🟢 190.604

🛡️ Stop Loss: 🛑 188.293

🎯 Take Profit 1: 🟢 192.032

💰 Take Profit 2: 🟢 194.167

This trade setup leverages the strong support level at 190.604, which aligns with Fibonacci retracement and pivot levels. MACD suggests potential bullish momentum near this zone, making it a key area for a buy opportunity.

Intraday Sell Trade Setup

📍 Entry Price: 🔴 192.032

🛡️ Stop Loss: 🛑 194.167

🎯 Take Profit 1: 🔴 190.604

💰 Take Profit 2: 🔴 188.293

This trade setup focuses on the resistance level at 192.032, which aligns with Fibonacci extension levels and pivot zones. RSI hints at potential overbought conditions near this level, supported by a bearish MACD signal.

🔍 Summary of Key Levels

Resistance Levels: 192.032, 194.167, 195.756

Support Levels: 190.604, 188.293

Swing Levels: Swing High: 198.960, Swing Low: 194.197

Conclusion

GBPJPY is trading near crucial levels, with 190.604 serving as a strong support and 192.032 acting as a significant resistance. These levels offer clear intraday trade setups for both buying and selling opportunities. By utilizing technical indicators such as Fibonacci retracement, RSI divergence, and MACD, traders can refine their strategies and capitalize on market movements.