💷 GBPJPY Daily Analysis based on Main Key Levels - [2025-04-22]

Daily Current Market Price (DCMP): 187.974

🔑 Critical Price Structure

Below DCMP (Support Zone)

• Immediate Support: 187.240 🛡️

• Strong Support: 186.514 → 185.339 (Multi-level zone)

• Swing Low: 183.800 (Daily Timeframe)

Above DCMP (Resistance Zone)

• Immediate Resistance: 188.414 🚀

• Upper Resistance: 189.589 (Key swing high)

• Swing High: 193.060 (Daily Timeframe)

📈 Technical Landscape

• RSI: Neutral at 54 (No divergence detected)

• MACD: Flat near signal line (Neutral momentum)

• Price Action: Testing 187.974 after rejection at 188.414

💡 Trade Setups

1️⃣ Intraday Buy Trade Idea

• Entry: 187.240 🎯 (Confluence support)

• Stop Loss: 186.514 🚫 (Below recent swing low)

• Take Profit 1: 188.414 ✅ (Nearest resistance)

• Take Profit 2: 189.589 ✅ (Major swing level)

2️⃣ Intraday Sell Trade Idea

• Entry: 188.414 🎯 (Resistance retest)

• Stop Loss: 189.589 🚫 (Above swing high)

• Take Profit 1: 187.240 ✅ (Immediate support)

• Take Profit 2: 186.514 ✅ (Stronger support)

🌐 Market Perspective

GBPJPY consolidates near 187.974 with 187.240-188.414 forming immediate range. Break above 188.414 eyes 189.589, while loss of 187.240 may trigger move toward 186.514.

• Bullish Catalyst: Sustained close above 188.414

• Bearish Risk: Breakdown below 187.240