💷¥ GBPJPY 27th February 2025 Daily Analysis Based on Main Key Levels
- Kiran Kumar Alla
- Feb 27
- 1 min read
Daily Current Market Price (DCMP): 188.966 🎯
Key Levels Relative to DCMP
Support (Below DCMP):
▶️ Immediate Support: 188.109 🟢 (Intraday Buy)
▶️ Strong Support: 187.156 🛑
▶️ Critical Support: 185.613
Resistance (Above DCMP):
▶️ Immediate Resistance: 189.652 🔴 (Intraday Sell)
▶️ Strong Resistance: 190.561 🚩
▶️ Critical Resistance: 193.691
Technical Analysis Snapshot 🔍
Fibonacci Levels: Price consolidates near the 61.8% Fib retracement (188.109–189.652), signaling potential reversal zones.
RSI Divergence: Neutral RSI (14) at 49 reflects balanced momentum.
MACD Crossover: Bearish histogram on 4H charts suggests short-term downside bias.
Intraday Trade Setups 💡
Trade Idea 1: Intraday Buy
Entry Price: 188.109 🟢
Stop Loss: 187.156 🔴
Take Profit 1: 189.095 🟡
Take Profit 2: 189.652 🟡
Rationale: Weekly pivot support (188.109) aligns with Fib 78.6% retracement. Bullish engulfing patterns observed on 1H charts.
Trade Idea 2: Intraday Sell
Entry Price: 189.652 🔴
Stop Loss: 190.561 🟢
Take Profit 1: 188.535 🟡
Take Profit 2: 188.109 🟡
Rationale: Resistance confluence at weekly pivot (189.652) and Fib 23.6% extension. MACD line crossover confirms bearish momentum.
Critical Notes ⚠️
Swing High/Low: Daily Swing High at 193.060, Swing Low at 188.152.
Risk Management: Tight stops advised due to GBPJPY’s volatility.
Confirmation: Validate with closing breaks beyond 188.109/189.652.
Pro Tip: Combine Bollinger Band squeezes with Fibonacci retracements for high-probability entries! 📉🎯
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