GBP/USD Analysis – H1 Outlook for 06/02/2025
📉 Bearish Bias Expected
🔹 Current Price: 1.24876
🔹 Key Fibonacci Levels:
0.618: 1.24965 (Resistance)
0.786: 1.24820 (Critical Level)
🔹 Market Structure:
Break of Structure (BOS) Confirmed
Fair Value Gaps (FVG) Below Price
Expected Price Drop to 1.24633-1.24684 Zone
Deeper Target: 1.23738-1.23741
🔹 Trading Plan:
✅ If price respects 1.24876 resistance, expect further downside.
✅ If price reclaims 1.2506, bearish bias weakens.
#GBPUSD #ForexTrading #SmartMoneyConcepts #FVG #PriceAction #ForexAnalysis
📉 Bearish Bias Expected
🔹 Current Price: 1.24876
🔹 Key Fibonacci Levels:
0.618: 1.24965 (Resistance)
0.786: 1.24820 (Critical Level)
🔹 Market Structure:
Break of Structure (BOS) Confirmed
Fair Value Gaps (FVG) Below Price
Expected Price Drop to 1.24633-1.24684 Zone
Deeper Target: 1.23738-1.23741
🔹 Trading Plan:
✅ If price respects 1.24876 resistance, expect further downside.
✅ If price reclaims 1.2506, bearish bias weakens.
#GBPUSD #ForexTrading #SmartMoneyConcepts #FVG #PriceAction #ForexAnalysis
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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.