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📊GBPJPY 23rd December 2024 Daily Analysis Based on Main Key Levels

As traders navigate the dynamic forex market, understanding key levels is crucial for making informed decisions. This analysis focuses on GBPJPY, providing insights into current market conditions and potential trading opportunities.

📍 Daily Current Market Price (DCMP)

The current market price for GBPJPY is 196.806. This serves as a critical reference point for assessing trading strategies.

📉 Key Levels

🛑 Resistance (Above DCMP)
Resistance 1: 198.423
Resistance 2: 199.673
Resistance 3: 201.697

✅ Support (Below DCMP)
Support 1: 196.399
Support 2: 194.375
Support 3: 193.125

📉 Swing Levels
Swing High: 199.564
Swing Low: 194.072

Summary of Analysis
The market is currently positioned at 196.806. Key resistance levels above the DCMP include 198.423, 199.673, and 201.697, while support levels below the DCMP are at 196.399, 194.375, and 193.125. The swing high is noted at 199.564, and the swing low at 194.072.

Suggested Trades

💼 Intraday Buy Trade

Entry Price: ✨ 196.399
Stop Loss: ❌ 196.199
Take Profit 1: 🎯 197.141
Take Profit 2: 🎯 197.507

📌 Reason for Entry:
The price is approaching a key support level at 196.399, indicating a favorable buying opportunity based on technical analysis.

💼 Intraday Sell Trade

Entry Price: ✨ 198.423
Stop Loss: ❌ 198.623
Take Profit 1: 🎯 199.673
Take Profit 2: 🎯 201.697

📌 Reason for Entry:
Resistance at 198.423 suggests a potential selling opportunity, with targets set above this level.

💡 Conclusion
This analysis provides a concise overview of key levels and trade opportunities for GBPJPY. By monitoring these levels, traders can make informed decisions in the current market environment. Happy trading!

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Dec 14

📊 GBPJPY Weekly Analysis Based on Main Key Levels

📍 Current Market Price (DCMP): 193.914

📉 Key Levels

🛑 Resistance (Above DCMP):
Resistance 1: 194.591
Resistance 2: 195.080
Resistance 3: 195.871

✅ Support (Below DCMP):
Support 1: 193.009
Support 2: 192.520
Support 3: 191.729

📉 Swing Levels
Swing High: 199.564
Swing Low: 195.376

💼 Intraday Buy Trade Setup
🔹 Entry Price: ✨ 193.209
🔹 Stop Loss: ❌ 193.009
🔹 Take Profit 1: 🎯 194.591
🔹 Take Profit 2: 🎯 195.080

📌 Reason for Entry: Strong support at 193.209 and 193.009 suggests a bullish bias, aiming for resistance at 194.591 and 195.080.

💼 Intraday Sell Trade Setup
🔹 Entry Price: ✨ 194.848
🔹 Stop Loss: ❌ 195.080
🔹 Take Profit 1: 🎯 193.209
🔹 Take Profit 2: 🎯 192.520

📌 Reason for Entry: Resistance at 194.848 aligns with a bearish outlook, targeting support at 193.209 and 192.520.

💡 Summary
GBPJPY is trading at 193.914, with resistance levels at 194.591, 195.080, and 195.871, and support levels at 193.009, 192.520, and 191.729. Swing high is at 199.564, and swing low is at 195.376. A buy setup is favorable near 193.209, targeting 194.591 and 195.080, while a sell setup at 194.848 targets 193.209 and 192.520.

Sep 17

GBPJPY is a popular currency pair among traders and investors, known for its volatility and interesting market dynamics. Here are some key levels related to the GBP/JPY pair:

Current Price: Around 145.50-146.50 (subject to market fluctuations)
Resistance Levels: 147.50, 148.50, 150.00
Support Levels: 144.00, 142.50, 140.00
Trend Lines: The pair has been trending upwards since the March 2020 crash, with a long-term trend line around 134.00