📊 USDJPY Weekly Analysis Based on Main Key Levels

Current Market Price (DCMP)

The Current Market Price (DCMP) for USDJPY is 157.920.

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: 156.361

Swing Levels

📈 Swing High: 158.087

📉 Swing Low: 148.644

Summary of Analysis

The current market price of 157.920 indicates that the key resistance level above this price is 158.091, while the support level below is 157.422. The swing high stands at 158.087, and the swing low is at 148.644.

Suggested Trades

📈 Intraday Buy Trade

Entry Price: ✨ 157.422

Stop Loss: ❌ 156.737

Take Profit 1: 🎯 158.091

Take Profit 2: 🎯 158.504

Reason for Entry:

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

📉 Intraday Sell Trade

Entry Price: ✨ 158.091

Stop Loss: ❌ 158.504

Take Profit 1: 🎯 157.816

Take Profit 2: 🎯 158.087

Reason for Entry:

Resistance at 158.091 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 USDJPY. By monitoring these levels, traders can make informed decisions in the current market environment. Happy trading! 🚀