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

In this blog post, we provide a comprehensive analysis of the GBPJPY market 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 GBPJPY is 198.762. This serves as a critical reference point for identifying trading opportunities.

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 198.778

Resistance 2: 199.320

Resistance 3: 200.198

✅ Support (Below DCMP)

Support 1: 197.900

Support 2: 197.022

Support 3: 196.480

📉 Swing Levels

Swing High: 198.958

Swing Low: 188.088

Summary of Analysis

As of the current market price of 198.762, key resistance levels above this price include 198.778, 199.320, and 200.198. The support levels below this price are 197.900, 197.022, and 196.480. Additionally, the swing high is at 198.958, and the swing low is at 188.088.

Suggested Trades

💼 Intraday Buy Trade

Entry Price: ✨ 197.900

Stop Loss: ❌ 197.022

Take Profit 1: 🎯 198.762

Take Profit 2: 🎯 199.320

📌 Reason for Entry

The price is approaching a key support level at 197.900, indicating a favorable buying opportunity based on technical analysis.

💼 Intraday Sell Trade

Entry Price: ✨ 198.778

Stop Loss: ❌ 200.198

Take Profit 1: 🎯 198.762

Take Profit 2: 🎯 198.958

📌 Reason for Entry

Resistance at 198.778 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 GBPJPY. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading!