📊 GBPUSD Weekly Analysis Based on Main Key Levels

Current Market Price (DCMP)

The Current Market Price (DCMP) for GBPUSD is 1.24222.

Key Levels

Resistance (Above DCMP)

🛑 Resistance 1: 1.25920

🛑 Resistance 2: 1.26136

🛑 Resistance 3: 1.26486

Support (Below DCMP)

✅ Support 1: 1.23525

✅ Support 2: 1.25004

✅ Support 3: 1.24654

Swing Levels

📈 Swing High: 1.28116

📉 Swing Low: 1.22359

Summary of Analysis

The current market price of 1.24222 indicates that the key resistance levels above this price are 1.25920, 1.26136, and 1.26486, while the support level below is 1.23525. The swing high stands at 1.28116, and the swing low is at 1.22359.

Suggested Trades

📈 Intraday Buy Trade

Entry Price: ✨ 1.23525

Stop Loss: ❌ 1.23080

Take Profit 1: 🎯 1.24654

Take Profit 2: 🎯 1.25004

Reason for Entry:

The price is approaching a key support level at 1.23525, which presents a favorable buying opportunity based on technical analysis.

📉 Intraday Sell Trade

Entry Price: ✨ 1.24654

Stop Loss: ❌ 1.25004

Take Profit 1: 🎯 1.24246

Take Profit 2: 🎯 1.25920

Reason for Entry:

Resistance at 1.24654 indicates 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. Happy trading! 🚀