GBPUSD 28th January 2025 Daily Analysis Based on Main Key Levels 📉📈

Daily Current Market Price (DCMP): 1.24380

Key Levels Summary 🔑

Below DCMP (Supports):

Immediate Support: 1.23816 (Critical Demand Zone)

Strong Support: 1.22509 (BUY/Support1)

Swing Low: 1.21600 (Long-Term Base)

Above DCMP (Resistances):

Immediate Resistance: 1.25124 (Key Weekly Level)

Strong Resistance: 1.25931 (SELL/Resistance2)

Swing High: 1.28116 (Recent Price Ceiling)

Trade Ideas 💡

Intraday Buy Setup

Entry Price: 🎯 1.23816 (Weekly Support Zone)

Stop Loss: 🛑 1.22509 (Below BUY/Support1)

Take Profit 1: ✅ 1.24832 (Daily Pivot)

Take Profit 2: ✅ 1.25124 (Immediate Resistance)

Rationale: Price retesting weekly support aligns with Fibonacci 38.2% retracement. MACD shows bullish divergence potential.

Intraday Sell Setup

Entry Price: 🎯 1.25124 (Weekly Resistance Zone)

Stop Loss: 🛑 1.27238 (Above SELL/Resistance3)

Take Profit 1: ✅ 1.24459 (BUY/Support1)

Take Profit 2: ✅ 1.23816 (Weekly Support)

Rationale: Rejection at resistance coincides with RSI (56.8) neutrality and bearish divergence on 4H charts.

Technical Analysis Snapshot 📊

Fibonacci: 1.25124 aligns with the 61.8% retracement level, acting as strong resistance.

RSI: Neutral at 56.8, hinting at consolidation.

MACD: Histogram near zero, signaling indecision with slight bearish bias.

Price Action: GBPUSD consolidates between 1.23816 (support) and 1.25124 (resistance).

Final Thoughts 💬

GBPUSD remains range-bound, with 1.23816 as a key intraday buy zone and 1.25124 as a sell trigger. Watch for BoE policy hints and U.S. CPI data for volatility catalysts.