GBPJPY 20th February 2025 Daily Analysis: Strategic Trade Zones & Setups 💹

Daily Current Market Price (DCMP): 189.229

🔑 Critical Zones

Above DCMP (Resistance/Sell):

Immediate Resistance: 190.635 🚧

Strong Resistance: 192.828 🚨

Swing High: 194.762 (Daily timeframe)

Below DCMP (Support/Buy):

Immediate Support: 188.369 🛡️

Strong Support: 187.054 🎯

Swing Low: 187.054 (4H timeframe)

📊 Technical Snapshot

Key Levels:

Buy Zone: 188.369 | Sell Zone: 190.635

Fibonacci:

61.8% retracement aligns with 188.369 support.

38.2% extension at 190.635 resistance.

RSI: Neutral at 51, no divergence detected.

MACD: Bearish momentum building near 190.635 resistance.

💼 Trade Setups

🟢 Intraday Buy Setup

Entry: 188.369 🎯

Stop Loss: 187.054 ❌

Take Profit 1: 190.430 ✅

Take Profit 2: 191.093 ✅

Rationale: Strong confluence at Fib support with bullish reversal patterns.

🔴 Intraday Sell Setup

Entry: 190.635 🎯

Stop Loss: 192.165 ❌

Take Profit 1: 189.358 ✅

Take Profit 2: 188.369 ✅

Rationale: Resistance cluster with MACD confirming downside momentum.

⚠️ Risk Management

Maintain 1:3 risk-reward ratio.

Avoid trading during BoJ speech windows.

Adjust stops to breakeven after TP1 hit.

Key Swing Levels: High at 194.762 | Low at 187.054

🔍 Analysis integrates price action, Fibonacci retracements, and momentum indicators for high-confidence execution.