💹 GBPJPY 18th February 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 191.529

Key Observation: Price trades below immediate resistance at 192.900 and above critical support at 190.635.

🔑 Critical Technical Levels

Resistance Zones

✅ 192.900

✅ 194.299

✅ 196.565

Support Zones

✅ 190.635

✅ 188.369

✅ 187.970

Swing Levels Alert: Recent swing high at 194.762 and swing low at 187.054 (monitor for trend confirmation).

📊 Technical Outlook

Fibonacci: Price tests 38.2% retracement near 190.635

RSI: Neutral at 48.7 (balanced momentum)

MACD: Bullish crossover forming on 4H chart

💡 Intraday Trade Setups

🟢 Buy Setup: Support Zone Reaction

Entry: 🎯 190.635

Stop Loss: 🚫 189.200

Take Profit 1: 💰 192.900

Take Profit 2: 💰💎 194.299

🔴 Sell Setup: Resistance Rejection

Entry: 🎯 192.900

Stop Loss: 🚫 194.500

Take Profit 1: 💰 190.635

Take Profit 2: 💰💎 188.369

🧠 Pro Trader Insight

"Price consolidates near Bank of England policy decision thresholds. Watch UK inflation data and BOJ intervention rhetoric for fundamental confirmation of technical patterns."

🔍 Confirmation Checklist

☑️ Verify 190.635 support holds

☑️ Track GBPJPY correlation with USD/JPY

☑️ Monitor 4H candle closes above/below 191.500