📊 GBPUSD 23rd January 2025 Daily Analysis Based on Main Key Levels

Current Market Overview

The current Daily Current Market Price (DCMP) for GBPUSD is 1.23004. This analysis identifies key resistance and support levels, along with actionable trade setups based on technical and fundamental analysis.

Key Levels Summary

Resistance Levels Above DCMP (1.23004)

🔺 Resistance 1: 1.22707

🔺 Resistance 2: 1.23196

🔺 Resistance 3: 1.23986

Support Levels Below DCMP (1.23004)

🟢 Support 1: 1.21126

🟢 Support 2: 1.20637

🟢 Support 3: 1.19846

Swing Levels

📊 Swing High: 1.28116

📊 Swing Low: 1.21600

Trade Setups

💼 Intraday Buy Trade Setup

Entry Price: ✨ 1.22707

Stop Loss: ❌ 1.22500

Take Profit 1: 🎯 1.23000

Take Profit 2: 🎯 1.23200

Reason for Entry:

The support level at 1.22707 is below the DCMP, establishing a strong buying zone. This level aligns with significant technical support, indicating potential for upward movement.

💼 Intraday Sell Trade Setup

Entry Price: ✨ 1.23196

Stop Loss: ❌ 1.23350

Take Profit 1: 🎯 1.23000

Take Profit 2: 🎯 1.22800

Reason for Entry:

The resistance level at 1.23196 is above the DCMP, indicating a strong selling zone. This level aligns with key technical resistance, suggesting potential for downward movement.

Analysis Summary

Resistance and Support Levels: Key levels derived from technical analysis indicate potential reversal zones. Resistance levels are identified at 1.22707, 1.23196, and 1.23986, while support levels are at 1.21126, 1.20637, and 1.19846.

Fibonacci Levels: The identified support and resistance zones highlight significant retracement and extension levels, providing potential entry points for trades.

RSI Divergence: RSI indicates potential overbought conditions at resistance levels and oversold conditions at support levels, confirming possible reversals.

MACD Crossing: MACD suggests bullish momentum at support levels and bearish momentum at resistance levels, providing additional confirmation for trade setups.

Conclusion

This analysis provides actionable trade setups and key levels to help traders make informed decisions in the GBPUSD market. With the current market price at 1.23004, traders can utilize the outlined resistance and support levels, along with technical indicators, to execute trades confidently.