British Pound / U.S. Dollar forum
GBPUSD Oh she hit 💵🚀 100 pips thankyou GBPUSD
GBPUSD i'm looking at this
GBPUSD let's see if I can still get an entry for today - looking for a retracement to buy higher
GBPUSD 
DXY 
BXY SWINGS attention please > NEXT BIG MOVE AheadIdea:$GBPUSD Smashes 500 to 1000 PI…
I'm out now, Later!
GBPUSD GBPUSD buy now set tp 100 pips
GBPUSD Next targets ahead! Lets keep going.
GBPUSD Sell now 1.24028Target 1.22000
Strong hold Gbpusd if will be down
GBPUSD GBPUSD 24th January 2025 Daily Analysis Based on Main Key Levels
Introduction
In the dynamic world of forex trading, understanding key market levels is essential for successful trading. This blog provides an in-depth analysis of the GBPUSD currency pair, focusing on critical support and resistance levels, along with actionable trade setups.
Current Market Overview
The current Daily Current Market Price (DCMP) for GBPUSD is 1.23945.
Key Levels Summary
Resistance Levels Above DCMP (1.23945)
Resistance 1: 1.23986
Resistance 2: 1.23196
Resistance 3: 1.24229
Support Levels Below DCMP (1.23945)
Support 1: 1.23089
Support 2: 1.21126
Support 3: 1.20637
Swing Levels
Swing High: 1.28116
Swing Low: 1.21600
Trade Setup
Intraday Buy
Entry Price: 1.23196
Stop Loss: 1.23000
Take Profit 1: 1.23404
Take Profit 2: 1.23914
Reason for Entry:
The support level at 1.23196 is below the DCMP, indicating a strong buying opportunity. This level aligns with significant technical support, suggesting potential upward movement.
Intraday Sell
Entry Price: 1.23986
Stop Loss: 1.24150
Take Profit 1: 1.23719
Take Profit 2: 1.24229
Reason for Entry:
The resistance level at 1.23986 is just above the DCMP, providing a viable selling opportunity. This level coincides with key technical resistance, indicating potential downward movement.
Analysis Summary
Resistance and Support Levels: Key levels indicate potential reversal zones. Resistance levels are identified at 1.23986, 1.23196, and 1.24229, while support levels are at 1.23089, 1.21126, and 1.20637.
Swing Levels: The Swing High is at 1.28116, and the Swing Low is at 1.21600.
Pivot Levels: The pivot level is at 1.23404, providing additional context for potential reversals.
Fibonacci Levels: Significant retracement and extension levels align with the identified support and resistance zones.
RSI Divergence: Indicates potential overbought conditions at resistance levels and oversold conditions at support levels.
MACD Crossing: Suggests bullish momentum at support levels and bearish momentum at resistance levels, confirming trade setups.
Conclusion
This analysis provides traders with actionable insights and key levels to navigate the GBPUSD market effectively. With the current market price at 1.23945, traders can utilize the outlined support and resistance levels, along with technical indicators, to make informed trading decisions. Stay updated for more insights and analyses!
GBPUSD if u know u know