📊GBP/USD Price Action Update – April 29, 2025
🔹Current Price: 1.34082
🔹Timeframe: 15M
📌Key Demand Zone (Support):
🟢1.33837 – Fresh Bullish Base (potential bullish re-entry zone)
📌Key Resistance Level:
🔴Near recent highs (above 1.34600 area – untested liquidity zone)
📈Bullish Outlook:
Price is pulling back after a strong bullish move and is now approaching the 1.33837 demand zone. A clean bullish reaction from this zone can lead price back toward the previous highs. Watch for bullish engulfing or break of structure confirmation.
📉Bearish Outlook:
Failure to hold above 1.33837 could trigger a deeper correction. A break below this zone would weaken the bullish momentum and open the door for a retest of lower intraday levels.
⚡Trade Setup Tip:
✅Look for bullish confirmations near 1.33837
✅Target partial profits near previous highs
✅Use tight SL under demand zone lows for strong risk management
#GBPUSD #ForexTrading #SmartMoneyConcepts #PriceAction #SupplyAndDemand #FXFOREVER #BreakOfStructure #IntradaySetups #MarketUpdate #TechnicalAnalysis
🔹Current Price: 1.34082
🔹Timeframe: 15M
📌Key Demand Zone (Support):
🟢1.33837 – Fresh Bullish Base (potential bullish re-entry zone)
📌Key Resistance Level:
🔴Near recent highs (above 1.34600 area – untested liquidity zone)
📈Bullish Outlook:
Price is pulling back after a strong bullish move and is now approaching the 1.33837 demand zone. A clean bullish reaction from this zone can lead price back toward the previous highs. Watch for bullish engulfing or break of structure confirmation.
📉Bearish Outlook:
Failure to hold above 1.33837 could trigger a deeper correction. A break below this zone would weaken the bullish momentum and open the door for a retest of lower intraday levels.
⚡Trade Setup Tip:
✅Look for bullish confirmations near 1.33837
✅Target partial profits near previous highs
✅Use tight SL under demand zone lows for strong risk management
#GBPUSD #ForexTrading #SmartMoneyConcepts #PriceAction #SupplyAndDemand #FXFOREVER #BreakOfStructure #IntradaySetups #MarketUpdate #TechnicalAnalysis
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
fxforever
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.