💷💴 GBPJPY Daily Analysis Based on Main Key Levels – 24 April 2025

Daily Current Market Price (DCMP): 🎯 189.526

🎯 Critical Price Zones

Above DCMP (Resistance)

🔴 R3: 191.638 | R2: 190.845 | R1: 190.356

Below DCMP (Support)

🟢 S1: 188.771 | S2: 188.282 | S3: 187.490

Swing Extremes:

🔼 Swing High: 193.060 | 🔽 Swing Low: 188.800

📊 Technical Landscape

• RSI: Bearish divergence forming on 4H charts (62.7 → 58.3)

• MACD: Histogram contracting near zero line, signaling momentum shift

• Price Action: Testing 189.00-189.50 consolidation band

💡 Intraday Trade Opportunities

Trade Idea 1: Intraday Buy

• Entry: 🎯 188.414 (Strategic Support Cluster)

• Stop Loss: 🚫 187.240 (Below Key Support)

• Take Profit 1: ✅ 189.564 (Immediate Resistance)

• Take Profit 2: ✅ 190.845 (Upper Resistance Band)

Rationale:

• Aligns with 61.8% Fibonacci retracement from 188.800 swing low

• Bullish hammer pattern observed at London session open

Trade Idea 2: Intraday Sell

• Entry: 🎯 189.589 (Resistance Confluence Zone)

• Stop Loss: 🚫 190.356 (Above R1)

• Take Profit 1: ✅ 188.771 (Key Support)

• Take Profit 2: ✅ 187.490 (Strong Historical Base)
  

Rationale:

• Price rejection at 189.50 aligns with descending channel resistance

• Bearish MACD signal line crossover (-0.12 → -0.18)

📉 Fibonacci Framework (4H)

• 50% Retracement: 189.00 acts as immediate support

• 161.8% Extension: 191.50 becomes viable if bullish momentum accelerates

⚠️ Risk Parameters

• Maintain 1:3 risk-reward ratio for all positions

• Monitor UK CPI data release at 08:30 GMT

• Reduce exposure during BOJ policy statement (03:00 GMT)