GBPJPY ๐ GBPJPY Daily Analysis Based on Main Key Levels โ 7 April 2025
Daily Current Market Price (DCMP): 187.654
Immediate framework:
Below DCMP: Support cluster (185.852โ182.702)
Above DCMP: Resistance band (187.799โ194.099)
๐ฏ Critical Zones
Support (Bullish Confluence)
โ S1: 185.852 (Fib 61.8% retracement + 4H order block)
โ S2: 182.702 (Multi-week liquidity zone)
Resistance (Bearish Triggers)
โ R1: 187.799 (38.2% Fib extension + weekly pivot)
โ R2: 190.949 (Descending trendline anchor)
Swing Levels:
๐บ Daily/4H Swing High: 193.060
๐ป Daily/4H Swing Low: 188.800
๐ Technical Snapshot
Fib Framework: Price tests 187.799 (R1) as 38.2% extension; 185.852 (S1) aligns with 61.8% retracement
RSI: Neutral at 49 (no divergence detected)
MACD: Bearish crossover persists below signal line
๐ก Trade Setups
1๏ธโฃ Intraday Buy Trade
๐ฏ Entry: ๐ข 185.852 (Confluence of Fib support & 4H bullish OB)
๐ Stop Loss: ๐ด 184.300 (-1.55%)
๐ฏ Take Profit 1: ๐ก 186.995 (+0.62%)
๐ฏ Take Profit 2: ๐ข 187.994 (+1.18%)
Catalyst: Hidden bullish divergence on hourly charts + BoJ policy uncertainty
2๏ธโฃ Intraday Sell Trade
๐ฏ Entry: ๐ด 187.799 (Weekly pivot resistance + Fib extension)
๐ Stop Loss: ๐ข 189.100 (+0.69%)
๐ฏ Take Profit 1: ๐ก 186.995 (-0.43%)
๐ฏ Take Profit 2: ๐ด 185.852 (-1.06%)
Catalyst: Bearish Engulfing pattern on 4H + UK retail sales data risk
โ ๏ธ Risk Protocol
Position sizing: โค1.2% account risk per trade
Key event: UK GDP data release (10 April)
๐ Fundamental Drivers
BoE-BoJ Policy Spread: Widening yield differential pressures JPY
Risk Sentiment: Nikkei 225 volatility amplifies GBPJPY swings
Structural Highlights
โ Critical Alignment:
185.852 support coincides with 4H bullish order block
187.799 resistance matches weekly pivot & Fib 38.2% extension
โ Momentum Context:
Volume profile shows weak participation above 188.800
A/D line confirms distribution near swing high
