GBPJPY 3rd February 2025 Daily Analysis Based on Main Key Levels

The Daily Current Market Price (DCMP) for GBPJPY stands at 191.094. Below this level, the market finds support, while above it, resistance levels come into play. The analysis is based on key technical levels, including pivots, Fibonacci retracement, and extensions, alongside RSI divergence and MACD crossovers.

Key Levels:

Below DCMP (191.094):

Support 1: 190.585

Support 2: 189.202

Above DCMP (191.094):

Resistance 1: 191.403

Resistance 2: 194.049

Swing High and Low:

Swing High: 194.762

Swing Low: 189.334

Trade Setups:

Intraday Buy Trade:

Entry: 190.585 📈

Stop Loss: Below 189.202 🛑

Take Profit 1: 191.094 (DCMP) 🎯

Take Profit 2: 191.403 (Resistance 1) 🎯

Intraday Sell Trade:

Entry: 191.403 📉

Stop Loss: Above 194.049 🛑

Take Profit 1: 191.094 (DCMP) 🎯

Take Profit 2: 190.585 (Support 1) 🎯

Technical Indicators:

RSI: Neutral, showing no significant divergence.

MACD: Potential crossover signal, indicating a shift in momentum.

Summary:

The GBPJPY market is currently trading at 191.094, with immediate support at 190.585 and resistance at 191.403. Traders can consider intraday buy opportunities near support levels and sell opportunities at resistance levels. The swing high and low levels at 194.762 and 189.334, respectively, provide a broader context for market direction.