💹 GBPJPY Daily Analysis Based on Main Key Levels - [April 23, 2025]

Daily Current Market Price (DCMP): 188.868

Market Position: Trading above immediate support at 188.414 and below resistance at 189.589

🔑 Critical Technical Levels

Resistance (Above DCMP)

🛑 189.589 - Intraday sell trigger (Key resistance)

🛑 190.315 - Macro trendline resistance

🛑 191.489 - Fib 2.618 extension zone

Support (Below DCMP)

🟢 188.414 - High-probability buy zone (38.2% Fib retracement)

🟢 187.835 - Liquidity cluster

🟢 186.971 - Multi-session swing low

Swing Levels

↗️ Swing High: 193.060 (Daily timeframe)

↙️ Swing Low: 188.800 (4H timeframe)

💎 Intraday Trade Setups

Buy Opportunity

• Entry: 188.414 🎯

• Stop Loss: 187.505 🚫

• Take Profit 1: 189.589 ✅

• Take Profit 2: 190.315 ✅

Rationale:

• Confluence of Fib retracement and ascending trendline

• Hidden bullish divergence on 4H RSI

• MACD histogram shifting toward neutral

Sell Opportunity

• Entry: 189.589 🎯

• Stop Loss: 190.315 🚫

• Take Profit 1: 188.414 ✅

• Take Profit 2: 187.835 ✅

Rationale:

• Resistance aligns with bearish order block

• Overextended price relative to 20-period SMA

• Declining trading volume above 189.500

📊 Technical Landscape

• Fibonacci: 188.414 aligns with 38.2% retracement of 188.800-193.060 swing

• RSI: Neutral at 52.8 (no divergence observed)

• MACD: Signal line compression near zero axis

• Price Action: Symmetrical triangle pattern below 189.589