GBPJPY Daily Analysis Based on Main Key Levels – April 29, 2025
- Neom
- Apr 29
- 1 min read
Daily Current Market Price (DCMP): 💹 191.114
🔍 Key Technical Snapshot
Swing High: 193.060
Swing Low: 188.800
Above DCMP (Resistance): 191.778, 191.942, 192.782
Below DCMP (Support): 190.153, 190.502, 190.712
📊 Trade Setups
1️⃣ Intraday Buy Trade
Entry: 🎯 190.153 (Strong Support Zone)
Stop Loss: ⚠️ 189.347 (Support3)
Take Profit 1: 💰 191.114 (DCMP)
Take Profit 2: 🚀 191.778
Rationale: Price tests 61.8% Fibonacci retracement (188.800-193.060) with bullish RSI divergence.
2️⃣ Intraday Sell Trade
Entry: 🎯 191.778 (Key Resistance Cluster)
Stop Loss: ⚠️ 192.782 (Resistance2)
Take Profit 1: 💰 191.114
Take Profit 2: 🚀 190.153
Rationale: Bearish MACD crossover near 191.778-191.942 supply zone.
📉 Technical Indicators
Fibonacci Levels: 188.800 (Swing Low) to 193.060 (Swing High) retracement active.
RSI: 48 (Neutral with bearish momentum building).
MACD: Lines converging near zero, potential trend shift.
💡 Analyst Insight
GBPJPY oscillates between 190.153-191.778 with DCMP (191.114) as pivot. BOJ policy risks loom near 191.778 psychological level.
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