British Pound / Japanese Yen

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British Pound / Japanese Yen forum





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

🔥 Current Market Price (DCMP): 188.770

Key Price Structure

Resistance (Above Price):

🔴 189.598 - Immediate resistance
🔴 190.947 - Strong resistance
🔴 193.132 - Technical sell zone

Support (Below Price):

🟢 187.413 - Critical support
🟢 185.228 - Next demand zone
🟢 181.694 - Swing low

Swing Levels:

📈 Swing High: 193.060
📉 Swing Low: 188.800

Trade Setup 1: Intraday Buy

🎯 Entry: 187.413 (Key support)
⛔ Stop Loss: Below 186.900
💰 Take Profit 1: 188.770
💰 Take Profit 2: 189.598

Technical Confluence:

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

Trade Setup 2: Intraday Sell

🎯 Entry: 189.598 (Key resistance)
⛔ Stop Loss: Above 190.200
💰 Take Profit 1: 188.770
💰 Take Profit 2: 187.413

Technical Confluence:

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

Technical Snapshot

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




GBPJPY trader, when you share your idea in mind please state out some T & C or put up a disclaimer, if not those who follow your share if they lost money they will question you… just do it to protect yourself


GBPJPY this pair go under consolidation, waiting something to push higher to 191