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

Current Market Price (DCMP)

As of now, the Daily Current Market Price (DCMP) for USDJPY is 157.149.

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 157.422

Resistance 2: 158.091

Resistance 3: 158.504

✅ Support (Below DCMP)

Support 1: 156.754

Support 2: 156.361

Support 3: 155.672

📉 Swing Levels

Swing High: 156.751

Swing Low: 148.644

📋 Summary of Analysis

The current market price of 157.149 indicates that key resistance levels above this price include 157.422, 158.091, and 158.504. The support levels below this price are 156.754, 156.361, and 155.672. The swing high stands at 156.751, while the swing low is at 148.644.

💼 Suggested Trades

📈 Intraday Buy Trade

Entry Price: ✨ 156.754

Stop Loss: ❌ 156.340

Take Profit 1: 🎯 157.000

Take Profit 2: 🎯 157.422

📌 Reason for Entry

The price is approaching a key support level at 156.754, presenting a favorable buying opportunity based on technical analysis.

📉 Intraday Sell Trade

Entry Price: ✨ 157.422

Stop Loss: ❌ 158.091

Take Profit 1: 🎯 157.200

Take Profit 2: 🎯 157.000

📌 Reason for Entry

Resistance at 157.422 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 USDJPY. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading! 🚀