🏆 GBPJPY 5th February 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 191.422

📊 Key Levels

Above DCMP (Resistance): 🚨 192.726 (Intraday Sell Zone)

Below DCMP (Support): 🛡️ 191.403 (Intraday Buy Zone)

Swing High: 194.762 | Swing Low: 189.334

📉 Technical Snapshot

Critical Levels:

Resistance: 192.726 (R1), 194.049 (R2)

Support: 191.403 (S1), 190.585 (S2)

Technical Indicators:

RSI divergence near 192.726 signals bearish momentum exhaustion.

MACD bullish crossover aligns with Fib 38.2% retracement at 191.403.

Fib Levels: Strong resistance at 192.726 (61.8% extension) with price rejection.

💡 Trade Setups

📈 Intraday Buy Trade

Entry Price: 🟢 191.403

Stop Loss: 🔴 190.585

Take Profit 1: 🟡 191.422 (DCMP)

Take Profit 2: 🟠 192.726

Rationale: DCMP rebounds from 191.403 (Fib confluence) with bullish MACD momentum.

📉 Intraday Sell Trade

Entry Price: 🔴 192.726

Stop Loss: 🟢 194.049

Take Profit 1: 🟡 191.403

Take Profit 2: 🟠 190.585

Rationale: Resistance at 192.726 (key Fib level) paired with overbought RSI favors downside.

📌 Final Insights

Critical Zones: Monitor 191.403 (bullish base) and 192.726 (bearish trigger).

Fundamental Catalyst: BoE/BoJ policy divergence and risk sentiment to drive volatility.