💹 GBPJPY 21st March 2025 Daily Analysis: Strategic Trade Setups

📌 Daily Current Market Price (DCMP): 193.089

GBPJPY trades above immediate support at 192.278 and below resistance at 193.456.

🔍 Key Market Structure

▶ Resistance Zones

Near-Term Barrier: 193.456 🟡

Strong Resistance: 194.409 🔴

▶ Support Zones

Immediate Floor: 192.278 🟢

Critical Base: 191.325 🔴

▶ Swing Levels (Daily/4H)

Swing High: 193.060 🔼

Swing Low: 187.682 🔽

📊 Technical Drivers

RSI: Neutral at 52, no divergence observed.

MACD: Bullish crossover weakening near the zero line.

Fib Levels: 61.8% retracement at 193.047; 127% extension at 194.065.

🎯 Intraday Trade Opportunities

1️⃣ Intraday Buy Setup

Entry: 193.047 🟢

Stop Loss: 191.914 🔴

Take Profit 1: 193.820 🟡

Take Profit 2: 194.409 🟢

Rationale: Fib 61.8% support (193.047) aligns with historical liquidity pools. MACD hints at bullish momentum revival.

2️⃣ Intraday Sell Setup

Entry: 194.065 🔴

Stop Loss: 195.713 🟡

Take Profit 1: 192.867 🟢

Take Profit 2: 191.325 🔴

Rationale: Fib 127% extension (194.065) converges with multi-session resistance. RSI shows overbought signals near this zone.

⚠️ Risk Management Protocol

Activate trailing stops if price closes above 194.409 or below 191.325.

Close 50% of positions at TP1 to lock profits.

🔮 Strategic Insight

GBPJPY consolidates between 193.047-194.065. Prioritize:

Buying dips toward 193.047 with bullish candlestick confirmation

Selling rallies near 194.065 with volume-backed rejection signals