📊 GBPJPY 26th December 2024 Daily Analysis Based on Main Key Levels

In this analysis, we will evaluate the current state of the GBPJPY market, identifying key price levels and potential trading strategies.

📍 Daily Current Market Price (DCMP)

The current market price for GBPJPY is 197.356. This serves as a crucial reference point for identifying trading opportunities.

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 198.423

Resistance 2: 199.673

Resistance 3: 201.697

✅ Support (Below DCMP)

Support 1: 196.399

Support 2: 194.375

Support 3: 193.125

📉 Swing Levels

Swing High: 199.564

Swing Low: 194.072

Summary of Analysis

The GBPJPY market is currently positioned at 197.356. Key resistance levels above this price include 198.423, 199.673, and 201.697. The support levels below this price are 196.399, 194.375, and 193.125. The swing high is at 199.564, and the swing low is at 194.072.

Suggested Trades

💼 Intraday Buy Trade

Entry Price: ✨ 196.399

Stop Loss: ❌ 196.000

Take Profit 1: 🎯 197.000

Take Profit 2: 🎯 197.500

📌 Reason for Entry

The price is approaching a key support level at 196.399, indicating a favorable buying opportunity based on technical analysis.

💼 Intraday Sell Trade

Entry Price: ✨ 198.423

Stop Loss: ❌ 198.800

Take Profit 1: 🎯 198.000

Take Profit 2: 🎯 197.800

📌 Reason for Entry

Resistance at 198.423 suggests a potential selling opportunity, with targets set below this level.

💡 Conclusion

This analysis provides a concise overview of key levels and trade opportunities for GBPJPY. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading!