💹 GBPJPY 26th February 2025 Daily Analysis: Strategic Entry Zones & Critical Levels

Daily Current Market Price (DCMP): 188.947

• Swing High: 193.060 | Swing Low: 188.152

🔑 Key Levels

Support Below DCMP:

• S1: 188.109 📍 | S2: 187.156

Resistance Above DCMP:

• R1: 189.652 📍 | R2: 190.476

📉 Technical Snapshot

• RSI: 49 (Neutral) | MACD: Bearish crossover near zero line.

• Fib Level: S1 (188.109) aligns with 61.8% retracement of the recent swing.

💼 Trade Setups

🟢 Intraday Buy Setup

• Entry: 188.109 📍 (Fib Support + Swing Low Cluster)

• Stop Loss: 187.156 🚫

• Take Profit 1: 189.652 ✅ | Take Profit 2: 190.476 🎯

Confirmation:

Bullish engulfing pattern at S1 with rising volume.

🔴 Intraday Sell Setup

• Entry: 189.652 📍 (Key Resistance Zone)

• Stop Loss: 190.476 🚫

• Take Profit 1: 188.109 ✅ | Take Profit 2: 187.156 🎯

Confirmation:

Bearish divergence on RSI (4H) with overbought signals.

🎯 Conclusion

Trade range-bound strategies between S1 (188.109) and R1 (189.652). Monitor BoE/BOJ policy shifts and risk sentiment.

✨ Pro Tip: Use Fib extension (161.8% at 192.148) for aggressive upside targets!

📌 Key Takeaways:

Strong support at 188.109 (Fib + institutional buy zone).

Resistance at 189.652 aligns with descending channel boundary.

MACD histogram turns negative, signaling bearish momentum.