📊 GBPJPY 31st December 2024 Daily Analysis Based on Main Key Levels

In this analysis, we provide a comprehensive overview of GBPJPY as of December 31, 2024. The Daily Current Market Price (DCMP) for GBPJPY is 195.841. This serves as a critical reference point for identifying trading opportunities.

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 198.778

Resistance 2: 199.320

Resistance 3: 200.198

✅ Support (Below DCMP)

Support 1: 197.022

Support 2: 196.480

Support 3: 195.602

📉 Swing Levels

Swing High: 198.958

Swing Low: 194.072

Summary of Analysis

As of the current market price of 195.841, key resistance levels above this price include 198.778, 199.320, and 200.198. The support levels below this price are 197.022, 196.480, and 195.602. The swing high is at 198.958, and the swing low is at 194.072.

Suggested Trades

💼 Intraday Buy Trade

Entry Price: ✨ 195.602

Stop Loss: ❌ 194.756

Take Profit 1: 🎯 196.480

Take Profit 2: 🎯 197.022

📌 Reason for Entry

The price is approaching a key support level at 195.602, indicating a favorable buying opportunity based on technical analysis.

💼 Intraday Sell Trade

Entry Price: ✨ 196.480

Stop Loss: ❌ 198.395

Take Profit 1: 🎯 195.841

Take Profit 2: 🎯 198.778

📌 Reason for Entry

Resistance at 196.480 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!