GBPUSD 11th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 1.28936

Price Context: GBPUSD trades above immediate support at 1.28162 and below resistance at 1.29547.

📊 Critical Levels

Resistance (Above DCMP):

R3: 1.31788 🔴

R2: 1.30403

R1: 1.29547 🎯

Support (Below DCMP):

S1: 1.28162 🎯

S2: 1.26777

S3: 1.24536

Swing Levels:

Recent Swing High: 1.25594

Recent Swing Low: 1.25502

📈 Technical Breakdown

1. Fibonacci Confluence:

S1 (1.28162) aligns with the 61.8% Fib retracement from the 1.25502–1.29547 swing, reinforcing bullish reversal potential.

R1 (1.29547) intersects with the 38.2% Fib extension, acting as a bearish trigger zone.

2. Momentum Indicators:

RSI: Neutral at 49.7 but shows bearish divergence near overbought thresholds.

MACD: Histogram flips negative, signaling weakening bullish momentum.

🚀 Intraday Trade Setups

Trade Idea 1: Intraday Buy

Entry: 1.28162 🎯

Stop Loss: 1.26777 🛑

Take Profit 1: 1.28629 ✅

Take Profit 2: 1.28955 ✅

Rationale: Strong bullish reaction expected at S1 (1.28162) with RSI divergence and MACD oversold conditions.

Trade Idea 2: Intraday Sell

Entry: 1.29547 🎯

Stop Loss: 1.29809 🛑

Take Profit 1: 1.29282 ✅

Take Profit 2: 1.28936 ✅

Rationale: R1 (1.29547) coincides with swing high resistance and Fib extension, favoring bearish reversals.

⚠️ Risk Management

Tighten stops if price breaches 1.29809 (R3 weekly) or 1.28162 (S1).

Monitor UK inflation data and Fed rate decisions for volatility spikes.

Final Outlook

GBPUSD remains confined between 1.28162–1.29547. Trade reversals at these levels with a 1:2 risk-reward ratio. A sustained break above 1.29547 or below 1.28162 may trigger trend-following moves.