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

In this analysis, we provide a comprehensive overview of USDJPY as of December 31, 2024. The Daily Current Market Price (DCMP) for USDJPY is 156.296. This serves as a critical reference point for identifying trading opportunities.

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 158.091

Resistance 2: 158.504

Resistance 3: 159.172

✅ Support (Below DCMP)

Support 1: 156.341

Support 2: 155.672

Support 3: 155.672

📉 Swing Levels

Swing High: 156.751

Swing Low: 148.644

Summary of Analysis

As of the current market price of 156.296, key resistance levels above this price include 158.091, 158.504, and 159.172. The support levels below this price are 156.341 and 155.672. The swing high is at 156.751, and the swing low is at 148.644.

Suggested Trades

💼 Intraday Buy Trade

Entry Price: ✨ 155.672

Stop Loss: ❌ 155.795

Take Profit 1: 🎯 156.296

Take Profit 2: 🎯 157.422

📌 Reason for Entry

The price is approaching a key support level at 156.341, indicating a favorable buying opportunity based on technical analysis.

💼 Intraday Sell Trade

Entry Price: ✨ 156.341

Stop Loss: ❌ 157.738

Take Profit 1: 🎯 156.091

Take Profit 2: 🎯 158.091

📌 Reason for Entry

Resistance at 156.341 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 USDJPY. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading!