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

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

📍 Daily Current Market Price (DCMP)

The current market price for USDJPY is 157.100. This serves as a crucial reference point for assessing trading opportunities.

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 157.657

Resistance 2: 158.783

Resistance 3: 160.605

✅ Support (Below DCMP)

Support 1: 155.836

Support 2: 154.014

Support 3: 152.888

📉 Swing Levels

Swing High: 156.751

Swing Low: 149.362

Summary of Analysis

The USDJPY currency pair is currently positioned at 157.100. Key resistance levels above this price are 157.657, 158.783, and 160.605. The support levels below this price are 155.836, 154.014, and 152.888. The swing high is at 156.751, and the swing low is at 149.362.

Suggested Trades

💼 Intraday Buy Trade

Entry Price: ✨ 155.836

Stop Loss: ❌ 155.700

Take Profit 1: 🎯 156.350

Take Profit 2: 🎯 156.570

📌 Reason for Entry

The price is approaching a key support level at 155.836, indicating a favorable buying opportunity based on technical analysis.

💼 Intraday Sell Trade

Entry Price: ✨ 157.657

Stop Loss: ❌ 157.800

Take Profit 1: 🎯 157.284

Take Profit 2: 🎯 157.504

📌 Reason for Entry

Resistance at 157.657 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 USDJPY. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading!