📊 USDJPY 30th December 2024 Daily Analysis Based on Main Key Levels

In this blog post, we provide a comprehensive analysis of the USDJPY currency pair as of December 30, 2024. This analysis is essential for traders looking to make informed decisions based on current market conditions.

📍 Daily Current Market Price (DCMP)

The current market price for USDJPY is 157.858. This serves as a crucial reference point for identifying trading opportunities.

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 158.091

Resistance 2: 158.504

Resistance 3: 159.172

✅ Support (Below DCMP)

Support 1: 157.422

Support 2: 156.754

Support 3: 156.341

📉 Swing Levels

Swing High: 159.172

Swing Low: 156.751

Summary of Analysis

As of the current market price of 157.858, key resistance levels above this price include 158.091, 158.504, and 159.172. The support levels below this price are 157.422, 156.754, and 156.341. The swing high is at 159.172, and the swing low is at 156.751.

Suggested Trades

💼 Intraday Buy Trade

Entry Price: ✨ 157.422

Stop Loss: ❌ 156.754

Take Profit 1: 🎯 157.858

Take Profit 2: 🎯 158.091

📌 Reason for Entry

The price is approaching a key support level at 157.422, indicating a favorable buying opportunity based on technical analysis.

💼 Intraday Sell Trade

Entry Price: ✨ 158.091

Stop Loss: ❌ 158.504

Take Profit 1: 🎯 157.858

Take Profit 2: 🎯 159.172

📌 Reason for Entry

Resistance at 158.091 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!