📊 USDJPY 26th December 2024 Daily Analysis Based on Main Key Levels

In this analysis, we will evaluate the current state of the USDJPY market, identifying key price levels and potential trading strategies.

📍 Daily Current Market Price (DCMP)

The current market price for USDJPY is 157.368. This serves as a crucial reference point for identifying 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 market is currently positioned at 157.368. Key resistance levels above this price include 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: ❌ 155.600

Take Profit 1: 🎯 156.200

Take Profit 2: 🎯 156.600

📌 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: ❌ 157.900

Take Profit 1: 🎯 157.400

Take Profit 2: 🎯 157.200

📌 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!