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

Current Market Price (DCMP)

As of now, the Daily Current Market Price (DCMP) for GBPUSD is 1.25312.

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 1.25570

Resistance 2: 1.25920

Resistance 3: 1.26136

✅ Support (Below DCMP)

Support 1: 1.25220

Support 2: 1.25004

Support 3: 1.24654

📉 Swing Levels

Swing High: 1.28116

Swing Low: 1.24748

📋 Summary of Analysis

The current market price of 1.25312 indicates that key resistance levels above this price include 1.25570, 1.25920, and 1.26136. The support levels below this price are 1.25220, 1.25004, and 1.24654. The swing high stands at 1.28116, while the swing low is at 1.24748.

💼 Suggested Trades

📈 Intraday Buy Trade

Entry Price: ✨ 1.25220

Stop Loss: ❌ 1.25048

Take Profit 1: 🎯 1.25350

Take Profit 2: 🎯 1.25570

📌 Reason for Entry

The price is approaching a key support level at 1.25220, presenting a favorable buying opportunity based on technical analysis.

📉 Intraday Sell Trade

Entry Price: ✨ 1.25570

Stop Loss: ❌ 1.25920

Take Profit 1: 🎯 1.25400

Take Profit 2: 🎯 1.25312

📌 Reason for Entry

Resistance at 1.25570 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 GBPUSD. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading! 🚀