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

Risk Management Notes

⚠️ Position sizing ≤ 1% of capital per trade

⚠️ Avoid trading during BOJ policy announcements

⚠️ Monitor UK employment data for fundamental cues