📊 USDJPY 29th January 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 155.124

Support Below DCMP: 154.768 (BUY/Support1), 154.418, 153.850

Resistance Above DCMP: 155.904 (SELL/Resistance1), 156.254, 156.822

Swing High: 158.880 | Swing Low: 154.775

Key Technical Insights 🔍

Weekly Pivots: Critical support at 153.860 (BUY/Support3) and resistance at 157.820 (SELL/Resistance3).

Fibonacci Levels: Retracement aligns with 154.775 (Swing Low) and 158.880 (Swing High), suggesting potential reversal zones.

RSI: Neutral with slight bearish divergence on the 4H timeframe.

MACD: Histogram flattening near zero, indicating consolidation.

Intraday Trade Setups 🚀

🟢 Intraday Buy Trade

Entry: 155.084 (Weekly BUY/Support1)

Stop Loss: 154.418 (BUY/Support2) 🔴

Take Profit 1: 155.904 (Daily SELL/Resistance1) 🟡

Take Profit 2: 156.254 (Daily SELL/Resistance2) 🟢

Rationale: Price aligns with weekly support and Fib retracement. MACD crossover above zero could signal bullish momentum.

🔴 Intraday Sell Trade

Entry: 155.840 (Weekly Pivot/Resistance)

Stop Loss: 156.254 (SELL/Resistance2) 🔴

Take Profit 1: 154.768 (Daily BUY/Support1) 🟡

Take Profit 2: 154.418 (BUY/Support2) 🟢

Rationale: Resistance confluence at weekly pivot and RSI divergence favors downside.

Summary of Key Levels 📉📈

Immediate Support: 154.768 – 153.850

Immediate Resistance: 155.904 – 156.822

Swing Bias: Neutral with bearish risks below 154.418 and bullish potential above 155.904.