📊GBPUSD 28th December 2024 Weekly Analysis Based on Main Key Levels

In this blog post, we provide a comprehensive analysis of the GBPUSD market as of December 28, 2024. This analysis focuses on key price levels and potential trading strategies to help traders navigate the current market environment.

📍 Daily Current Market Price (DCMP)

The current market price for GBPUSD is 1.25770. This price level is crucial for identifying potential trading opportunities.

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 1.25905

Resistance 2: 1.26876

Resistance 3: 1.28446

✅ 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

As of now, the GBPUSD market is positioned at 1.25770. The key resistance levels above this price include 1.25905, 1.26876, and 1.28446. 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: ❌ 1.24750

Take Profit 1: 🎯 1.25200

Take Profit 2: 🎯 1.25500

📌 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: 🎯 1.25600

Take Profit 2: 🎯 1.25300

📌 Reason for Entry

Resistance at 1.25905 suggests a potential selling opportunity as it aligns with the technical analysis, providing clear targets below this level.

Conclusion

This analysis offers 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!