British Pound / U.S. Dollar forum
GBPUSD a nice sell here atleast 1:3 or 4 after sweeping this asia high
GBPUSD 📊 GBPUSD 24th December 2024 Daily Analysis Based on Main Key Levels
In today’s analysis, we will focus on the current state of the GBPUSD market, emphasizing critical price levels and potential trading opportunities.
📍 Daily Current Market Price (DCMP)
The current market price for GBPUSD is 1.25368. This serves as a crucial reference point for assessing trading opportunities.
📉 Key Levels
🛑 Resistance (Above DCMP)
Resistance 1: 1.25905
Resistance 2: 1.26876
Resistance 3: 1.27476
✅ Support (Below DCMP)
Support 1: 1.24935
Support 2: 1.24335
Support 3: 1.23364
📉 Swing Levels
Swing High: 1.28116
Swing Low: 1.26082
Summary of Analysis
The GBPUSD currency pair is currently positioned at 1.25368. Key resistance levels above this price are 1.25905, 1.26876, and 1.27476. The support levels below this price are 1.24935, 1.24335, and 1.23364. The swing high is at 1.28116, and the swing low is at 1.26082.
Suggested Trades
💼 Intraday Buy Trade
Entry Price: ✨ 1.24935
Stop Loss: ❌ 1.24800
Take Profit 1: 🎯 1.25147
Take Profit 2: 🎯 1.25447
📌 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: ❌ 1.26050
Take Profit 1: 🎯 1.25748
Take Profit 2: 🎯 1.25933
📌 Reason for Entry
Resistance at 1.25905 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!
GBPUSD Targeting 1.25242 for the sesh.
GBPUSD A little step up on the SL, Plan B aside.
GBPUSD GM Traders!
GBPUSD market is giving me a bullish bias although overall bias is still bearish - will be waiting for price to hit one of the zones marked out on the chart and see what happens to enter a positionalways just following the market and waiting for the market to give me a direction instead of guessing
Remember to spend time with family - the charts will always be here.
Blessed holiday to all!
GBPUSD what I have come to realize is that the market does what it does so its never wrong, what's mostly wrong are opinions of it, I will take todays lesson serious and honestly I am going to just enjoy time with my family during the holidays and come back Jan in the start of a new year. was my initial plan to stay away from trading but my discipline kicks in and I just wake up and on to the charts. Enjoy the end of the year fellas.GBPUSD gotta admit I was wrongGBPUSD Oh Lord Buyers!GBPUSD dollar now dropping I will take my long again