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GBPUSD 📊 GBPUSD 23rd December 2024 Daily Analysis Based on Main Key Levels
📍 Daily Current Market Price (DCMP)
The current market price for GBPUSD is 1.25656. This figure serves as a crucial reference for assessing potential trading opportunities.
📉 Key Levels
🛑 Resistance (Above DCMP)
Resistance 1: 1.26876
Resistance 2: 1.27476
Resistance 3: 1.28446
✅ Support (Below DCMP)
Support 1: 1.24935
Support 2: 1.24335
Support 3: 1.23364
Summary of Analysis
The GBPUSD index is currently positioned at 1.25656. Key resistance levels are 1.26876, 1.27476, and 1.28446, while support levels are 1.24935, 1.24335, and 1.23364. The swing high stands at 1.28116, and the swing low is at 1.26082.
Suggested Trades
💼 Intraday Buy Trade
Entry Price: ✨ 1.24935
Stop Loss: ❌ 1.24635
Take Profit 1: 🎯 1.25556
Take Profit 2: 🎯 1.26000
📌 Reason for Entry
The price is approaching a key support level at 1.24935, indicating a favorable buying opportunity based on technical analysis.
💼 Intraday Sell Trade
Entry Price: ✨ 1.25905
Stop Loss: ❌ 1.26105
Take Profit 1: 🎯 1.25500
Take Profit 2: 🎯 1.25000
📌 Reason for Entry
Resistance at 1.25905 suggests a potential selling opportunity, with targets set below this level.
💡 Conclusion
This GBPUSD analysis provides valuable insights into key levels and trade opportunities. By monitoring these levels, traders can make informed decisions in the dynamic market environment. Happy trading!
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GBPUSD 📊 GBPUSD Weekly Analysis Based on Main Key Levels
📍 Current Market Price (DCMP): 1.26200
📉 Key Levels
🛑 Resistance (Above DCMP):
Resistance 1: 1.27559
Resistance 2: 1.27846
Resistance 3: 1.28309
✅ Support (Below DCMP):
Support 1: 1.26034
Support 2: 1.25881
Support 3: 1.25291
📉 Swing Levels
Swing High: 1.30480
Swing Low: 1.24872
💼 Intraday Buy Trade Setup
🔹 Entry Price: ✨ 1.26034
🔹 Stop Loss: ❌ 1.25881
🔹 Take Profit 1: 🎯 1.26632
🔹 Take Profit 2: 🎯 1.27095
📌 Reason for Entry: Strong support at 1.26034 aligns with bullish sentiment, targeting resistance levels near 1.26632 and 1.27095.
💼 Intraday Sell Trade Setup
🔹 Entry Price: ✨ 1.26493
🔹 Stop Loss: ❌ 1.26632
🔹 Take Profit 1: 🎯 1.26345
🔹 Take Profit 2: 🎯 1.26034
📌 Reason for Entry: Resistance at 1.26493 suggests bearish momentum targeting 1.26345 and 1.26034.
💡 Summary
GBPUSD is trading at 1.26200, with resistance levels at 1.27559, 1.27846, and 1.28309, and support levels at 1.26034 and 1.25881. Swing high is at 1.30480, and swing low is at 1.24872. A buy setup is favorable near 1.26034, targeting 1.26632 and 1.27095, while a sell setup at 1.26493 targets 1.26345 and 1.26034.
GBPUSD uptrend trendline , no NEWS tuesday . set up BUY signal
