📊GBPJPY 2nd January 2025 Daily Analysis Based on Main Key Levels

Current Market Price (DCMP)

As of now, the Daily Current Market Price (DCMP) for GBPJPY is 196.836.

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 198.778

Resistance 2: 199.320

Resistance 3: 200.198

✅ Support (Below DCMP)

Support 1: 197.022

Support 2: 196.480

Support 3: 195.987

📉 Swing Levels

Swing High: 198.958

Swing Low: 188.088

📋 Summary of Analysis

The current market price of 196.836 indicates that key resistance levels above this price include 198.778, 199.320, and 200.198. The support levels below this price are 197.022, 196.480, and 195.987. The swing high stands at 198.958, while the swing low is at 188.088.

💼 Suggested Trades

📈 Intraday Buy Trade

Entry Price: ✨ 196.480

Stop Loss: ❌ 195.987

Take Profit 1: 🎯 196.800

Take Profit 2: 🎯 197.022

📌 Reason for Entry

The price is approaching a key support level at 196.480, presenting a favorable buying opportunity based on technical analysis.

📉 Intraday Sell Trade

Entry Price: ✨ 197.022

Stop Loss: ❌ 198.778

Take Profit 1: 🎯 196.800

Take Profit 2: 🎯 196.480

📌 Reason for Entry

Resistance at 197.022 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 GBPJPY. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading! 🚀