💹 GBPJPY 5th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 191.543 🔄

GBPJPY trades above immediate support (190.777) and below critical resistance (191.783).

🔑 Key Technical Levels

🛑 Resistance Zones (Sell Zones)

R3: 194.119 🚨 (Major resistance)

R2: 192.766 🔻 (Strong resistance)

R1: 191.930 ⚠️ (Intraday pivot)

🟢 Support Zones (Buy Zones)

S1: 189.224 📌 (Critical support)

S2: 188.388 🔼 (Secondary support)

S3: 187.035 🛡️ (Long-term floor)

Swing High: 193.060 | Swing Low: 187.682

📊 Technical Indicators

RSI: Neutral at 51 (no divergence observed).

MACD: Bearish momentum emerging near 191.783 resistance.

Fibonacci Levels: 61.8% retracement aligns with S1 (189.224), marking a potential reversal zone.

💡 Trade Setups

🟢 Intraday Buy Setup

Entry: 190.777 📍 (Weekly pivot support)

Stop Loss: 189.224 🚫 (Below S1)

Take Profit 1: 191.543 🎯 (DCMP retest)

Take Profit 2: 192.766 🚀 (R2 resistance)

Rationale: Bullish reversal likely at Fib-aligned support (190.777) with RSI neutrality and MACD stabilization.

🔴 Intraday Sell Setup

Entry: 191.783 📍 (Weekly pivot resistance)

Stop Loss: 192.766 🚫 (Above R2)

Take Profit 1: 190.777 🎯 (Key support)

Take Profit 2: 189.224 🚀 (Critical support)

Rationale: Bearish rejection expected at 191.783 resistance, reinforced by bearish MACD crossover and RSI neutrality.

📉 Market Outlook

GBPJPY faces a decisive battle between 190.777 support and 191.783 resistance. A sustained break below 190.777 risks a drop to 189.224, while a close above 191.930 could shift bias bullish.

🔔 Watch: Price action around DCMP (191.543) for intraday directional cues.

📌 Summary

Key Supports: 190.777 → 189.224 → 187.035

Key Resistances: 191.930 → 192.766 → 194.119

Swing Levels: High at 193.060 | Low at 187.682

Price Bias: Neutral-to-bearish below 191.930.

Prioritize risk-reward ratios above 1:2 in volatile conditions. 💼⚡