GBPUSD ๐ท GBPUSD Daily Analysis Based on Main Key Levels โ April 3, 2025
Daily Current Market Price (DCMP): 1.31082 ๐
๐๏ธ Key Levels Summary
Below DCMP (Support)
Immediate Support: 1.30558 ๐
Strong Support Cluster: 1.29346โ1.28883 ๐
Swing Low (Daily/4H): 1.28710 โ ๏ธ
Above DCMP (Resistance)
Near-Term Resistance: 1.31800 ๐ (Fib extension)
Strong Resistance Zone: 1.32500โ1.33000 ๐
Swing High (Daily): 1.30149 โ ๏ธ
๐ Technical Analysis
1๏ธโฃ Fibonacci Zones:
38.2% retracement aligns with swing low at 1.28710.
61.8% extension resistance at 1.31800 (projected from recent swing structure).
2๏ธโฃ Momentum Indicators:
RSI: Bullish divergence forming near 1.30558 support.
MACD: Neutral crossover at midline; upward momentum likely above 1.31082.
๐ก Trade Setup
โ Intraday Buy Trade
Entry: 1.30558 ๐
Stop Loss: 1.29346 ๐
Take Profit 1: 1.31800 ๐ฏ
Take Profit 2: 1.32500 ๐ฏ
Rationale:
DCMP (1.31082) consolidates above critical Fib support at 1.30558. RSI divergence and MACD neutrality suggest upside potential toward 1.31800โ1.32500 resistance.
โ ๏ธ Key Observations
No valid sell setup identified: Resistance levels above DCMP (1.31800+) remain untested.
Monitor 4-hour closes above 1.31082 for bullish confirmation.
๐ Risk Management
Tighten stops to 1.31082 if price reaches TP1 (1.31800).
Invalidate buy trade if 1.29346 support breaks with closing candlestick.
๐ Disclaimer: Analysis reflects technical patterns only. Verify with fundamental drivers before execution.
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