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💷 GBPUSD Daily Analysis Based on Main Key Levels – April 3, 2025

  • Neom
  • 1 day ago
  • 1 min read

Daily Current Market Price (DCMP): 1.31082 🔄


🗝️ Key Levels Summary


Below DCMP (Support)


Immediate Support: 1.30558 📍

Strong Support Cluster: 1.29346–1.28883 🛑

Swing Low (Daily/4H): 1.28710 ⚠️


Above DCMP (Resistance)


Near-Term Resistance: 1.31800 📍 (Fib extension)

Strong Resistance Zone: 1.32500–1.33000 🛑

Swing High (Daily): 1.30149 ⚠️


🔍 Technical Analysis


1️⃣ Fibonacci Zones:


38.2% retracement aligns with swing low at 1.28710.

61.8% extension resistance at 1.31800 (projected from recent swing structure).


2️⃣ Momentum Indicators:


RSI: Bullish divergence forming near 1.30558 support.

MACD: Neutral crossover at midline; upward momentum likely above 1.31082.



💡 Trade Setup


✅ Intraday Buy Trade


Entry: 1.30558 📍

Stop Loss: 1.29346 🛑

Take Profit 1: 1.31800 🎯

Take Profit 2: 1.32500 🎯


Rationale:


DCMP (1.31082) consolidates above critical Fib support at 1.30558. RSI divergence and MACD neutrality suggest upside potential toward 1.31800–1.32500 resistance.


⚠️ 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.


📉 Risk Management


Tighten stops to 1.31082 if price reaches TP1 (1.31800).

Invalidate buy trade if 1.29346 support breaks with closing candlestick.


🔔 Disclaimer: Analysis reflects technical patterns only. Verify with fundamental drivers before execution.


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