💹🔥 GBPJPY 4th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP):

189.712

Market Context:

Trading above immediate support at 189.149

Facing resistance cluster at 190.156

🎯 Critical Technical Levels

Resistance (Sell Zones):

🔥 190.156 (Intraday Ceiling) | 🔥 191.783 (Upper Boundary)

Support (Buy Zones):

🛡️ 189.149 (Key Floor) | 🛡️ 187.522 (Strong Base)

Swing Levels:

Recent Swing High: 193.060

Recent Swing Low: 187.682

🔍 Technical Drivers

Price-Fibonacci Alignment:

61.8% Retracement converges with 189.149 support

38.2% Extension aligns with 190.156 resistance

Momentum Indicators:

RSI: 52 (neutral with slight bullish bias)

MACD: Bullish crossover emerging on 4H chart

💡 Intraday Trade Opportunities

1️⃣ Intraday Buy Setup: Support Bounce Strategy

🎯 Entry: 189.149 (Fib 61.8% + Order Block)

🚫 Stop Loss: 187.522 (Below Swing Low)

✅ TP1: 190.156 (Immediate Resistance)

✅ TP2: 191.443 (Liquidity Zone)

2️⃣ Intraday Sell Setup: Resistance Rejection Play

🎯 Entry: 190.156 (Confluence: Fib 38.2% + Supply Zone)

🚫 Stop Loss: 191.783 (Above Swing High)

✅ TP1: 189.026 (Intermediate Support)

✅ TP2: 187.071 (Downside Target)

📉 Market Sentiment Insight

Price consolidates between 189.149-190.156. Break above 190.156 could target 191.443, while breakdown below 189.149 risks test of 187.522.

⚠️ Risk Advisory

BoE/BoJ Policy Watch: Monitor rate differential impacts

Position Sizing: Limit risk to 1% per trade

Confirmation Rule: Wait for 4H candle close beyond entry levels

Key Trigger: MACD histogram reversal confirmation for trade execution.

Why This Works:

189.149 aligns with Fib 61.8% and historical liquidity zone

190.156 matches multiple technical convergences

Neutral RSI allows room for directional momentum

🔍 Fundamental Catalyst: UK employment data (March 5) and Japan wage growth figures.