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British Pound / U.S. Dollar forum

23 minutes ago

looking for price to pull back in the NY session to then buy higher as I expect DXY to do a minor retracement to the upside to then sell further. Notice the range we were in on the 15min chart which was broken hence why I am expecting a retest of this range to go long again

4 hours ago

GBPUSD 27th December 2024 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP)

The current market price for GBPUSD is 1.25209. This serves as a crucial reference point for identifying trading opportunities.

Key Levels

Resistance (Above DCMP)
Resistance 1: 1.25905
Resistance 2: 1.26876
Resistance 3: 1.28446

Support (Below DCMP)
Support 1: 1.24935
Support 2: 1.24335

Swing Levels
Swing High: 1.28116
Swing Low: 1.26082

Summary of Analysis

As of the latest evaluation, the GBPUSD market is positioned at 1.25209. Key resistance levels above this price include 1.25905, 1.26876, and 1.28446. The support levels below this price are 1.24935 and 1.24335. The swing high is noted at 1.28116, while the swing low is at 1.26082.

Suggested Trades

Intraday Buy Trade
Entry Price: 1.24935
Stop Loss: 1.24335
Take Profit 1: 1.25209
Take Profit 2: 1.25905

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: 1.26876
Take Profit 1: 1.25581
Take Profit 2: 1.28446

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!

4 hours ago

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