📊USDJPY 27th December 2024 Daily Analysis Based on Main Key Levels

📍 Daily Current Market Price (DCMP)

The current market price for USDJPY is 157.758. 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: 157.729

Support 2: 154.014

📉 Swing Levels

Swing High: 156.751

Swing Low: 148.644

Summary of Analysis

As of the latest evaluation, the USDJPY market is positioned at 157.758. Key resistance levels above this price include 157.657, 158.783, and 160.605. The support levels below this price are 157.729 and 154.014. The swing high is noted at 156.751, while the swing low is at 148.644.

Suggested Trades

💼 Intraday Buy Trade

Entry Price: ✨ 157.657

Stop Loss: ❌ 157.343

Take Profit 1: 🎯 157.758

Take Profit 2: 🎯 157.729

📌 Reason for Entry

The price is approaching a key support level at 157.657, indicating a favorable buying opportunity based on technical analysis.

💼 Intraday Sell Trade

Entry Price: ✨ 158.783

Stop Loss: ❌ 158.115

Take Profit 1: 🎯 158.353

Take Profit 2: 🎯 160.605

📌 Reason for Entry

Resistance at 158.783 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!