British Pound / Japanese Yen

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British Pound / Japanese Yen forum

๏ปฟ
GBPJPY buys from yesterday still pushing (im in buys 188.023 tp 189.316 tp1 189.66 tp2 189.829 tp3 :D SL 187.685)




GBPJPY looking like buys going to play out again waiting for a pull back for my entry tp will be 188.745 tp1 189.36 tp2 189.66 tp3 then 189.83 and 190.1 if it continues


GBPJPY buy sell buy sell buy sell๐Ÿคฃ๐Ÿคฃ๐Ÿคฃ



GBPJPY
GBPJPY Daily Analysis Based on Main Key Levels - April 17, 2025

๐Ÿ”ฅ Current Market Price (DCMP): 188.770

Key Price Structure

Resistance (Above Price):

๐Ÿ”ด 189.598 - Immediate resistance
๐Ÿ”ด 190.947 - Strong resistance
๐Ÿ”ด 193.132 - Technical sell zone

Support (Below Price):

๐ŸŸข 187.413 - Critical support
๐ŸŸข 185.228 - Next demand zone
๐ŸŸข 181.694 - Swing low

Swing Levels:

๐Ÿ“ˆ Swing High: 193.060
๐Ÿ“‰ Swing Low: 188.800

Trade Setup 1: Intraday Buy

๐ŸŽฏ Entry: 187.413 (Key support)
โ›” Stop Loss: Below 186.900
๐Ÿ’ฐ Take Profit 1: 188.770
๐Ÿ’ฐ Take Profit 2: 189.598

Technical Confluence:

Bullish RSI divergence forming on 4H chart
61.8% Fibonacci retracement support

Trade Setup 2: Intraday Sell

๐ŸŽฏ Entry: 189.598 (Key resistance)
โ›” Stop Loss: Above 190.200
๐Ÿ’ฐ Take Profit 1: 188.770
๐Ÿ’ฐ Take Profit 2: 187.413

Technical Confluence:

Bearish MACD crossover on daily timeframe
Price rejection at 78.6% Fibonacci extension

Technical Snapshot

๐Ÿ“Š Momentum: RSI at 53 (neutral territory)
๐Ÿ“Š Price Action: Testing 188.770 pivot level
๐Ÿ“Š Key Range: 187.413-189.598 immediate trading zone