📊 GBPJPY 19th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 194.284

Key Levels:

Resistance (Above DCMP): 195.713 🚨

Support (Below DCMP): 193.060 🛡️

Swing Levels (Daily/4H Timeframe):

Swing High: 195.713

Swing Low: 187.682

📉 Technical Overview

Critical Zones & Indicators

Fib Retracement: Price consolidates near the 61.8% retracement level (194.065–195.713), signaling a decisive breakout zone.

RSI: Neutral at 52 on 4H, but bearish divergence observed on shorter timeframes.

MACD: Bullish crossover on 4H charts, though momentum remains weak.

💼 Intraday Trade Setups

1️⃣ Intraday Buy Trade 🟢

Entry: 194.065 📍 (Confluence of Support & Fib Level)

Stop Loss: 193.060 🛑 (Below Swing Low)

Take Profit 1: 194.284 🎯 (DCMP Retest)

Take Profit 2: 194.689 🎯 (Immediate Resistance)

Rationale:

Strong alignment of weekly pivot support (194.065) and Fib retracement.

Bullish MACD crossover supports reversal potential.

2️⃣ Intraday Sell Trade 🔴

Entry: 195.713 📍 (Key Weekly Resistance)

Stop Loss: 196.000 🛑 (Above Swing High)

Take Profit 1: 194.284 🎯 (DCMP Pullback)

Take Profit 2: 193.777 🎯 (Lower Support Zone)

Rationale:

Price rejection likely at 195.713 (weekly Resistance3 + Swing High).

Declining volume during upward retests hints at bearish momentum.

🌐 Market Dynamics

Bullish Case: Close above 195.713 could target 196.500.

Bearish Risk: Break below 193.060 may trigger a slide to 192.000.

📌 Technical Indicators Snapshot

Bollinger Bands: Price hovering near the midline (194.233), suggesting consolidation.

ADR: 1.2% intraday volatility aligns with typical GBPJPY ranges.

Volume Profile: Thin liquidity between 194.000–195.000 increases slippage risks.

🔑 Final Outlook

GBPJPY remains trapped between 194.065 (support) and 195.713 (resistance). Traders should:

Buy Dips toward 194.065 with tight stops below 193.060.

Sell Rallies near 195.713, targeting DCMP retests.

⚠️ Key Insight: DCMP (194.284) acts as a pivot – sustained trading above this level favors bullish bias, while failure to hold may accelerate downside.