💷 GBPJPY Daily Analysis Based on Key Levels – April 21, 2025

Current Market Price (DCMP): 🌐 188.540

🔍 Critical Price Zones

Resistance (Above DCMP):

• R1: 189.589 🛑 (Immediate Ceiling)

• R2: 190.315

• R3: 191.489

Support (Below DCMP):

• S1: 188.414 🟢 (Strong Floor)

• S2: 187.240

• S3: 186.514

📊 Technical Snapshot

• Swing High: 193.060

• Swing Low: 188.800

Price consolidating near 3-week highs after breakout

• RSI: 54 (Neutral with bullish bias)

• MACD: Bullish momentum fading on 4H chart

• Fib Levels: 50% retracement at 188.414 aligns with S1

💡 Intraday Trade Setups

1️⃣ Buy Setup

• Entry: 188.414 🟩

• Stop Loss: 187.800 🛑

• Take Profit 1: 189.589 ✅

• Take Profit 2: 190.315 ✅

Trigger: Bullish reversal candlestick at S1

2️⃣ Sell Setup

• Entry: 189.589 🟥

• Stop Loss: 190.200 🛑

• Take Profit 1: 188.414 ✅

• Take Profit 2: 187.240 ✅

Trigger: Bearish rejection at R1 with overbought RSI

🎯 Conclusion

GBPJPY shows consolidation between 188.414-189.589. Favor buying dips near Fib support and selling rallies at resistance. Monitor BoE/BoJ rhetoric for fundamental triggers.