📊 GBPUSD 3rd February 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 1.22942

Key Levels Relative to DCMP:

Below DCMP (Support): 1.21600 (Swing Low), 1.22966 (BUY/Support3)

Above DCMP (Resistance): 1.25236 (Swing High), 1.23309 (SELL/Resistance3)

📉 Key Technical Levels

Resistance Levels (Sell Zones):

Immediate: 1.23309 (Weekly BUY/Support3 acting as resistance)

Major: 1.25236 (Swing High)

Support Levels (Buy Zones):

Immediate: 1.22966 (Weekly BUY/Support3)

Critical: 1.21600 (Swing Low)

Pivot Levels:

Weekly Pivot: 1.24341 | Daily Pivot: 1.24169

📈 Technical Analysis Snapshot

RSI: Neutral (No divergence observed).

MACD: Bearish crossover below signal line.

Fibonacci Retracement: Key levels anchored between Swing High (1.25236) and Swing Low (1.21600).

💡 Intraday Trade Setups

1️⃣ Intraday Sell Trade

Entry Price: 🎯 1.22966 (Weekly BUY/Support3 flipped resistance)

Stop Loss: 🛑 1.23309 (Above Weekly SELL/Resistance3)

Take Profit 1: ✅ 1.22600 (Near Daily Swing Low)

Take Profit 2: ✅ 1.22100 (Extended downside target)

Rationale: Price rejected at weekly pivot resistance with bearish MACD alignment.

⚠️ Risk Management Notes

Tighten stops if price breaches 1.23309.

Monitor RSI for oversold signals near 1.21600.

Final Thoughts: GBPUSD remains bearish below 1.23309, with 1.21600 as a critical support. Use intraday sell setups aligned with resistance retests. Stay agile! 💪