📊 GBPUSD 23rd December 2024 Daily Analysis Based on Main Key Levels
- Neom
- Dec 23, 2024
- 1 min read
📍 Daily Current Market Price (DCMP)
The current market price for GBPUSD is 1.25656. This figure serves as a crucial reference for assessing potential trading opportunities.
📉 Key Levels
🛑 Resistance (Above DCMP)
Resistance 1: 1.26876
Resistance 2: 1.27476
Resistance 3: 1.28446
✅ Support (Below DCMP)
Support 1: 1.24935
Support 2: 1.24335
Support 3: 1.23364
Summary of Analysis
The GBPUSD index is currently positioned at 1.25656. Key resistance levels are 1.26876, 1.27476, and 1.28446, while support levels are 1.24935, 1.24335, and 1.23364. The swing high stands at 1.28116, and the swing low is at 1.26082.
Suggested Trades
💼 Intraday Buy Trade
Entry Price: ✨ 1.24935
Stop Loss: ❌ 1.24635
Take Profit 1: 🎯 1.25556
Take Profit 2: 🎯 1.26000
📌 Reason for Entry
The price is approaching a key support level at 1.24935, indicating a favorable buying opportunity based on technical analysis.
💼 Intraday Sell Trade
Entry Price: ✨ 1.25905
Stop Loss: ❌ 1.26105
Take Profit 1: 🎯 1.25500
Take Profit 2: 🎯 1.25000
📌 Reason for Entry
Resistance at 1.25905 suggests a potential selling opportunity, with targets set below this level.
💡 Conclusion
This GBPUSD analysis provides valuable insights into key levels and trade opportunities. By monitoring these levels, traders can make informed decisions in the dynamic market environment. Happy trading!
By focusing on the keyword GBPUSD Daily Analysis, this blog aims to attract relevant traffic and provide traders with actionable insights into forex trading.
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