💷 GBPJPY 6th March 2025 Daily Analysis: Critical Technical Thresholds

Current Market Price (DCMP):

191.990

Recent Swing High: 193.060 | Recent Swing Low: 187.682

🔥 Price Structure Breakdown

🔻 Below DCMP (Support Territory)

Immediate Floor: 191.180 (Fib 61.8% retracement cluster)

Critical Defense: 190.837 | 190.282

Breakdown Catalyst: 189.149 (2025 structural low)

🔺 Above DCMP (Resistance Frontier)

First Barrier: 192.290 (Bearish order block)

Upper Limit: 193.060 (Year-to-date high)

🚨 Trade Setup

🟢 Intraday Buy Opportunity

Entry: 🎯 191.783 (Fib 50% retracement + Weekly Support)

Stop Loss: 🔴 190.777 (-1.006 pips)

Take Profit 1: 🚀 192.633 (+0.850 pips)

Take Profit 2: 💥 193.060 (+1.277 pips)

Rationale:

Price tests critical Fib 50% level from swing low 187.682 to high 193.060

Bullish RSI divergence detected on 4H timeframe

📉 Technical Landscape

Fibonacci Framework

50% Support: 191.783 (Key reversal zone)

61.8% Resistance: 192.290 (Breakout threshold)

Momentum Indicators

RSI: Hidden bullish divergence at 48.7 (4H chart)

MACD: Bullish crossover imminent at 191.990 pivot

🎯 Strategic Outlook

GBPJPY faces tension at 191.990 pivot. Sustained holds above 192.290 may trigger rally toward 193.060, while breakdown below 191.180 risks collapse to 190.282. Monitor BoJ policy signals (March 10) for volatility triggers.

⚡ Catalyst Watch: UK GDP data release (March 7) – weak prints could amplify JPY strength!

Key Technical Elements:

Fib 50% support aligns with weekly pivot at 191.783

Bearish failure at 192.633 creates bullish inverse H&S pattern

MACD histogram shows weakening bearish momentum

Price structure maintains higher lows since 187.682

Risk Disclaimer: Forex trading carries high risk. Always verify liquidity conditions before execution.