GBPJPY Daily Analysis Based on Main Key Levels – 28 April 2025

Daily Current Market Price (DCMP): 191.233 💹

• Swing High (Daily/4H): 193.060 🚀 | Swing Low (Daily/4H): 188.800 🛡️

Critical Price Zones

Resistance (Above DCMP)

• R1: 191.652 🚩 | R2: 192.045 🚩 | R3: 192.685 🚩

Support (Below DCMP)

• S1: 190.377 🛡️ | S2: 189.984 🛡️ | S3: 189.347 🛡️

Technical Landscape

• Fibonacci Confluence: 189.347–190.377 forms critical support (61.8% retracement from April swing low).

• RSI (14): Neutral at 48.9, hinting at directional bias formation.

• MACD: Bullish histogram emerging above signal line on 4H chart.

Intraday Trade Setups

🔵 Trade Idea: Buy at Weekly Pivot Support

• Entry: 190.153 📌 (Fib-aligned weekly pivot)

• Stop Loss: 188.528 🔴 (below S3)

• Take Profit 1: 191.652 🟢 (R1 confluence)

• Take Profit 2: 192.045 💹 (R2 resistance)

Rationale: Price tests multi-session support with bullish MACD alignment. Upside targets align with liquidity pools.

🔴 Trade Idea: Sell at Weekly Pivot Resistance

• Entry: 191.778 📌 (rejection at swing high)

• Stop Loss: 193.060 🔴 (above daily swing high)

• Take Profit 1: 190.377 🟢 (S1 support)

• Take Profit 2: 189.347 🛡️ (Fib stronghold)

Rationale: Price struggles at 191.778 resistance with bearish divergence developing. Downside targets align with institutional buying zones.

Market Outlook

GBPJPY consolidates near 191.233 with three decisive scenarios:

1. Bullish Catalyst: Sustained close above 192.685 opens path to 194.407 resistance.

2. Bearish Shift: Breakdown below 189.347 risks plunge to 188.800 swing low.

3. Rangebound Action: Choppy trading between 190.377–191.652 likely ahead of BoJ policy signals.

⚡ Key Catalyst: UK GDP data at 08:00 UTC may trigger volatility – watch price-action at London open.