📊 GBPJPY Weekly Analysis Based on Main Key Levels

Current Market Price (DCMP)

The Current Market Price (DCMP) for GBPJPY is 195.418.

Key Levels

Resistance (Above DCMP)

🛑 Resistance 1: 196.866

🛑 Resistance 2: 197.652

🛑 Resistance 3: 198.923

Support (Below DCMP)

✅ Support 1: 195.602

✅ Support 2: 196.480

✅ Support 3: 194.323

Swing Levels

📈 Swing High: 198.958

📉 Swing Low: 188.088

Summary of Analysis

The current market price of 195.418 indicates that the key resistance levels above this price are 196.866, 197.652, and 198.923, while the support levels below are 195.602, 196.480, and 194.323. The swing high stands at 198.958, and the swing low is at 188.088.

Suggested Trades

📈 Intraday Buy Trade

Entry Price: ✨ 195.602

Stop Loss: ❌ 194.323

Take Profit 1: 🎯 196.480

Take Profit 2: 🎯 196.866

Reason for Entry:

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

📉 Intraday Sell Trade

Entry Price: ✨ 196.480

Stop Loss: ❌ 197.652

Take Profit 1: 🎯 196.866

Take Profit 2: 🎯 198.923

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. Happy trading! 🚀