🚨 GBPJPY 7th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 190.396

Key Price Structure & Technical Snapshot 📊

Critical Levels

Above DCMP (Resistance):

▶️ 192.045 (Immediate Resistance) 🔴

▶️ 193.060 (2025 Swing High)

▶️ 193.692 (Multi-Year High Confluence)

Below DCMP (Support):

▶️ 187.682 (2024 Swing Low Anchor) 🟢

▶️ 188.360 (Fib 61.8% Retracement)

▶️ 189.379 (Trendline Support)

Swing Levels

Daily Swing High: 193.060

Daily Swing Low: 187.682

Technical Indicators

Fibonacci: 189.379 aligns with 50% retracement from 2024’s 193.692 peak to 187.682 low

RSI: Neutral at 54, no divergence detected.

MACD: Bullish crossover above signal line at 190.396 DCMP

Intraday Trade Setups 💡

Trade Idea 1: Intraday Buy

Entry: 🎯 190.156 (Weekly Pivot Support)

Stop Loss: 🚫 189.379 (Support 2)

Take Profit 1: 🏁 191.026 (DCMP Retest)

Take Profit 2: 🏁 192.045 (Resistance 1)

Rationale: Strong support confluence at 190.156 (Fib 38.2% + weekly pivot) amid bullish MACD momentum

Trade Idea 2: Intraday Sell

Entry: 🎯 190.777 (Weekly Pivot Resistance)

Stop Loss: 🚫 192.045 (Swing High)

Take Profit 1: 🏁 189.379 (Fib 61.8%)

Take Profit 2: 🏁 188.360 (2024 Trendline)

Rationale: Resistance at 190.777 aligns with descending channel upper boundary and BOJ policy divergence risks

Strategic Insights & Risk Management 🔥

Bullish Catalyst: Sustained trading above 190.396 DCMP may target 193.060 (2025 high)

Bearish Trigger: Breakdown below 189.379 risks retesting 187.682 (2024 low).

Fundamental Driver: Monitor BOE rate decisions vs. BOJ’s ultra-dovish stance

Technical Tools in Focus 🔧

Price Channels: Ascending channel from 187.682 signals bullish bias

Volume Profile: High liquidity near 190.777 increases volatility risks.

Elliott Wave: Potential Wave 3 extension if 193.060 breaks

Final Note: Focus on 189.379-192.045 range for breakout confirmation. Neutral bias prevails until decisive break above/below DCMP