British Pound / Japanese Yen forum
๏ปฟTarget 190.700
stop loss 187.700
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GBPJPY Daily Analysis Based on Main Key Levels - April 17, 2025
๐ฅ Current Market Price (DCMP): 188.770
Key Price Structure
Resistance (Above Price):
๐ด 189.598 - Immediate resistance
๐ด 190.947 - Strong resistance
๐ด 193.132 - Technical sell zone
Support (Below Price):
๐ข 187.413 - Critical support
๐ข 185.228 - Next demand zone
๐ข 181.694 - Swing low
Swing Levels:
๐ Swing High: 193.060
๐ Swing Low: 188.800
Trade Setup 1: Intraday Buy
๐ฏ Entry: 187.413 (Key support)
โ Stop Loss: Below 186.900
๐ฐ Take Profit 1: 188.770
๐ฐ Take Profit 2: 189.598
Technical Confluence:
Bullish RSI divergence forming on 4H chart
61.8% Fibonacci retracement support
Trade Setup 2: Intraday Sell
๐ฏ Entry: 189.598 (Key resistance)
โ Stop Loss: Above 190.200
๐ฐ Take Profit 1: 188.770
๐ฐ Take Profit 2: 187.413
Technical Confluence:
Bearish MACD crossover on daily timeframe
Price rejection at 78.6% Fibonacci extension
Technical Snapshot
๐ Momentum: RSI at 53 (neutral territory)
๐ Price Action: Testing 188.770 pivot level
๐ Key Range: 187.413-189.598 immediate trading zone