📊 GBPUSD 24th December 2024 Daily Analysis Based on Main Key Levels

In today’s analysis, we will focus on the current state of the GBPUSD market, emphasizing critical price levels and potential trading opportunities.

📍 Daily Current Market Price (DCMP)

The current market price for GBPUSD is 1.25368. This serves as a crucial reference point for assessing trading opportunities.

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 1.25905

Resistance 2: 1.26876

Resistance 3: 1.27476

✅ Support (Below DCMP)

Support 1: 1.24935

Support 2: 1.24335

Support 3: 1.23364

📉 Swing Levels

Swing High: 1.28116

Swing Low: 1.26082

Summary of Analysis

The GBPUSD currency pair is currently positioned at 1.25368. Key resistance levels above this price are 1.25905, 1.26876, and 1.27476. The support levels below this price are 1.24935, 1.24335, and 1.23364. The swing high is at 1.28116, and the swing low is at 1.26082.

Suggested Trades

💼 Intraday Buy Trade

Entry Price: ✨ 1.24935

Stop Loss: ❌ 1.24800

Take Profit 1: 🎯 1.25147

Take Profit 2: 🎯 1.25447

📌 Reason for Entry

The price is approaching a key support level at 1.24935, indicating a favorable buying opportunity based on technical analysis.

💼 Intraday Sell Trade

Entry Price: ✨ 1.25905

Stop Loss: ❌ 1.26050

Take Profit 1: 🎯 1.25748

Take Profit 2: 🎯 1.25933

📌 Reason for Entry

Resistance at 1.25905 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 GBPUSD. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading!