📊 GBPJPY 3rd January 2025 Daily Analysis Based on Main Key Levels

Current Market Price (DCMP)

As of now, the Daily Current Market Price (DCMP) for GBPJPY is 194.950.

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 196.866

Resistance 2: 197.652

Resistance 3: 198.923

✅ Support (Below DCMP)

Support 1: 194.323

Support 2: 195.594

Support 3: 195.602

📉 Swing Levels

Swing High: 198.958

Swing Low: 188.088

📋 Summary of Analysis

The current market price of 194.950 indicates that key resistance levels above this price include 196.866, 197.652, and 198.923. The support levels below this price are 194.323, 195.594, and 195.602. The swing high stands at 198.958, while the swing low is at 188.088.

💼 Suggested Trades

📈 Intraday Buy Trade

Entry Price: ✨ 195.602

Stop Loss: ❌ 194.323

Take Profit 1: 🎯 195.594

Take Profit 2: 🎯 196.866

📌 Reason for Entry

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

📉 Intraday Sell Trade

Entry Price: ✨ 194.323

Stop Loss: ❌ 195.594

Take Profit 1: 🎯 194.950

Take Profit 2: 🎯 196.866

📌 Reason for Entry

Resistance at 194.323 indicates a potential selling opportunity, with targets set above 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! 🚀