⚡GBPJPY Daily Analysis Based on Main Key Levels - April 9, 2025

Daily Current Market Price (DCMP): 186.466 🔍

Critical Price Framework 🔥

Above DCMP (Resistance)

187.799 🟥 (Immediate Resistance)

189.816 ⚠️ (Upper Resistance Zone)

Below DCMP (Support)

185.852 🟩 (Key Support)

182.702 🛑 (Critical Floor)

Swing Levels

Swing High: 193.060

Swing Low: 188.800

Technical Confluence 🔍

Fibonacci & Price Alignment

185.852 Support: 61.8% Fib retracement of March rally + Institutional liquidity cluster

187.799 Resistance: 38.2% Fib extension + Options expiry gamma zone

Momentum Indicators

RSI: 48.9 (Neutral with hidden bearish divergence on 4H chart)

MACD: Bullish histogram contraction on daily timeframe

Intraday Trade Setups ⚡

🟢 Intraday Buy Trade Idea

Entry: 185.852 🎯 (Strong Support Zone)

Stop Loss: 182.702 🛑 (-3.15 pips)

Take Profit 1: 186.495 📈 (+0.64 pips)

Take Profit 2: 187.799 🚀 (+1.95 pips)

Rationale: Fib support aligns with order block and bullish institutional footprint.

🔴 Intraday Sell Trade Idea

Entry: 187.799 ⚠️ (Key Resistance Cluster)

Stop Loss: 189.816 🛑 (+2.02 pips)

Take Profit 1: 185.852 📉 (-1.95 pips)

Take Profit 2: 182.702 🔥 (-5.10 pips)

Rationale: Fib extension coincides with liquidity pool and bearish rejection pattern.

Key Technical Drivers 🛠️

Resistance Band: 187.799–189.816 (Fib extension + historical liquidation zone)

Support Zone: 185.852–182.702 (Central bank intervention threshold)

Catalyst: BoJ monetary policy statement (11:00 AM JST)

Risk Management Protocol ⚠️

Position sizing ≤0.15% per trade (volatility-adjusted)

Trailing stops activated at 1:1.5 risk-reward ratio

Avoid trading during London/Tokyo session overlap (3:00-5:00 AM GMT)