💹 GBPJPY Daily Analysis Based on Main Key Levels – 16th April 2025

Daily Current Market Price (DCMP): 🏷️ 188.790

Price context: DCMP trades just below immediate resistance (189.598–190.282) and above critical supports (187.413–188.557).

📉 Key Levels Breakdown

Resistance/Sell Zones (Above DCMP)

R1: 🚨 189.598 (Price Congestion Zone)

R2: ⚡ 190.282 (Fibonacci 61.8% Resistance)

R3: 🔥 193.132 (Swing High Confluence)

Support/Buy Zones (Below DCMP)

S1: 🛡️ 187.413 (Dynamic Trendline Support)

S2: 🔄 185.228 (Breakdown Floor)

🔍 Technical Analysis Snapshot

Swing Levels:

Swing High: 193.060 (Daily Ceiling)

Swing Low: 188.800 (Daily Floor)

Fibonacci: 50% retracement at 189.216 aligns with consolidation.

RSI: Neutral at 52 (No divergence observed).

MACD: Bullish crossover emerging on 4H chart.

💡 Intraday Trade Setups

Intraday Buy Trade

Entry: 🟢 187.413 (Retest of Support Cluster)

Stop Loss: 🔴 185.228 (-2.185 | Below S2)

Take Profit 1: 🟡 189.598 (+2.185 | R1 Target)

Take Profit 2: 🟢 190.282 (+2.869 | R2 Breakout)

Intraday Sell Trade

Entry: 🔴 189.598 (Retest of Resistance Zone)

Stop Loss: 🟢 190.282 (+0.684 | Above R2)

Take Profit 1: 🟡 187.413 (-2.185 | S1 Reversion)

Take Profit 2: 🔴 185.228 (-4.370 | S2 Target)

📈 Critical Technical Drivers

Price Action: Break above 189.598 (R1) confirms bullish momentum; sustained trading below 187.413 (S1) signals bearish reversal.

MACD Histogram: Rising bullish bars indicate strengthening upside pressure.

Swing Alignment: Proximity to daily swing low (188.800) creates high-probability bounce setup.