🎯 GBPJPY 30th January 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 192.122

Key Levels:

Below DCMP: Support at 192.697 (BUY Zone)

Above DCMP: Resistance at 193.669 (SELL Zone)

📊 Technical Overview

Swing High: 198.960 (Daily timeframe)

Swing Low: 189.334 (Daily timeframe)

Critical Levels:

Intraday Buy Trigger: 191.260 (Strong Support)

Intraday Sell Trigger: 193.120 (Key Resistance)

Fibonacci Retracement: Aligns with support/resistance zones, highlighting reversal potential.

RSI & MACD: RSI shows neutral bias; MACD hints at bearish momentum weakening near support.

📈 Intraday Trade Setups

Intraday Buy Trade Idea

Entry: 🎯 191.260 (Key Support Zone)

Stop Loss: 🛑 190.110 (Below Support2)

Take Profit 1: 🚀 192.697 (Immediate Resistance)

Take Profit 2: 🚀 193.120 (Pivot Level)

Rationale: Price retesting historical support at 191.260 offers a rebound opportunity toward 193.120.

Intraday Sell Trade Idea

Entry: 🎯 193.120 (Key Resistance Zone)

Stop Loss: 🛑 193.970 (Above Resistance2)

Take Profit 1: 🚀 192.396 (Support2)

Take Profit 2: 🚀 191.910 (Strong Support)

Rationale: Resistance at 193.120 aligns with bearish reversal patterns, targeting downside toward 191.910.

📉 Critical Support & Resistance Levels

Resistance: 193.669 → 193.970 → 194.456

Support: 192.697 → 192.396 → 191.910

💡 Final Analysis

GBPJPY hovers near 192.122, with bullish momentum likely at 191.260 and bearish pressure above 193.120. Trade setups focus on reactive entries at these triggers. Tight risk management is crucial amid volatile cross-market dynamics.