📊GBP/USD Price Action Update – April 24, 2025
🔹Current Price: 1.32984
🔹Timeframe: 1H
📌Key Supply Zone (Resistance):
🔴1.34128–1.34346 – High-Interest Supply Zone (potential reversal area)
📌Key Demand Zone (Support):
🟢1.32026–1.32138 – Strong Demand Zone (clean rally-base-rally formation)
📈Bullish Outlook:
GBP/USD is pushing upward from the 1.32026–1.32138 demand zone with strong bullish momentum. A clean break above 1.33000 could lead price toward the major supply at 1.34128–1.34346. Look for continuation signals like bullish engulfing or break of structure.
📉Bearish Outlook:
If price fails to break the 1.33000 psychological resistance and starts rejecting, we could revisit the 1.32100 zone. A break below this demand area may open room for deeper correction.
⚡Trade Setup Tip:
✅Buy on retest of demand or confirmation candle
✅Target supply zone with partial profits before 1.34128
✅Keep SL below recent swing low for proper risk control
#GBPUSD #ForexTrading #PriceAction #SmartMoneyConcepts #SupplyAndDemand #FXFOREVER #BreakOfStructure #IntradaySetups #MarketUpdate #TechnicalAnalysis
🔹Current Price: 1.32984
🔹Timeframe: 1H
📌Key Supply Zone (Resistance):
🔴1.34128–1.34346 – High-Interest Supply Zone (potential reversal area)
📌Key Demand Zone (Support):
🟢1.32026–1.32138 – Strong Demand Zone (clean rally-base-rally formation)
📈Bullish Outlook:
GBP/USD is pushing upward from the 1.32026–1.32138 demand zone with strong bullish momentum. A clean break above 1.33000 could lead price toward the major supply at 1.34128–1.34346. Look for continuation signals like bullish engulfing or break of structure.
📉Bearish Outlook:
If price fails to break the 1.33000 psychological resistance and starts rejecting, we could revisit the 1.32100 zone. A break below this demand area may open room for deeper correction.
⚡Trade Setup Tip:
✅Buy on retest of demand or confirmation candle
✅Target supply zone with partial profits before 1.34128
✅Keep SL below recent swing low for proper risk control
#GBPUSD #ForexTrading #PriceAction #SmartMoneyConcepts #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.