💷 GBPUSD 21st March 2025 Daily Analysis: Strategic Trade Setups

📌 Current Market Price (CMP): 1.29400

GBPUSD trades above immediate support at 1.29239 and below resistance at 1.29547.

🔍 Key Market Structure

▶ Resistance Zones

Near-Term Barrier: 1.29547

Strong Resistance: 1.30214

▶ Support Zones

Immediate Floor: 1.29239

Critical Base: 1.28937

▶ Swing Levels (Daily/4H)

Swing High: 1.28614

Swing Low: 1.25502

📊 Technical Drivers

RSI: Neutral at 54, no divergence detected.

MACD: Bearish crossover weakening near the zero line.

Fib Levels: 61.8% retracement at 1.28162; 127% extension at 1.29547.

🎯 Intraday Trade Opportunities

1️⃣ Intraday Buy Setup

Entry: 1.28162 🟢

Stop Loss: 1.26777 🔴

Take Profit 1: 1.29239 🟡

Take Profit 2: 1.29726 🟢

Rationale: Fib 61.8% support (1.28162) aligns with historical liquidity zones. MACD shows tentative bullish reversal signals.

2️⃣ Intraday Sell Setup

Entry: 1.29547 🔴

Stop Loss: 1.30515 🟡

Take Profit 1: 1.28937 🟢

Take Profit 2: 1.28162 🔴

Rationale: Fib 127% extension (1.29547) converges with multi-session resistance. RSI shows overbought conditions near this zone.

⚠️ Risk Management Protocol

Activate trailing stops if price closes above 1.30214 or below 1.28937.

Hedge positions by closing 60% at TP1.

🔮 Strategic Insight

GBPUSD consolidates between 1.28162-1.29547. Prioritize:

Buying dips toward 1.28162 with bullish candle confirmation

Selling rallies near 1.29547 with volume surge validation