📊 GBPUSD 31st December 2024 Daily Analysis Based on Main Key Levels

In this analysis, we provide a comprehensive overview of GBPUSD as of December 31, 2024. The Daily Current Market Price (DCMP) for GBPUSD is 1.25482. This serves as a critical reference point for identifying trading opportunities.

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 1.25920

Resistance 2: 1.26136

Resistance 3: 1.26486

✅ Support (Below DCMP)

Support 1: 1.25168

Support 2: 1.25004

Support 3: 1.24654

📉 Swing Levels

Swing High: 1.28116

Swing Low: 1.25012

Summary of Analysis

As of the current market price of 1.25482, key resistance levels above this price include 1.25920, 1.26136, and 1.26486. The support levels below this price are 1.25168 and 1.25004. The swing high is at 1.28116, and the swing low is at 1.25012.

Suggested Trades

💼 Intraday Buy Trade

Entry Price: ✨ 1.25168

Stop Loss: ❌ 1.25004

Take Profit 1: 🎯 1.25482

Take Profit 2: 🎯 1.25570

📌 Reason for Entry

The price is approaching a key support level at 1.25168, indicating a favorable buying opportunity based on technical analysis.

💼 Intraday Sell Trade

Entry Price: ✨ 1.25570

Stop Loss: ❌ 1.25920

Take Profit 1: 🎯 1.25482

Take Profit 2: 🎯 1.26136

📌 Reason for Entry

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