💷 GBPUSD 4th February 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 1.24090

Price consolidates near 1.2409, testing critical support/resistance boundaries

Critical Price Zones 🔍

Below DCMP Support:

✅ 1.23816 (Immediate Bullish Base)

✅ 1.21600 (Swing Low Anchor)

Above DCMP Resistance:

⛔ 1.24341 (Near-Term Barrier)

⛔ 1.25236 (Swing High Ceiling)

Swing Levels Alert 📌

Swing High: 1.25236 (4H/Daily Resistance)

Swing Low: 1.21600 (Major Support Floor)

Technical Snapshot 📉

Fibonacci Retracement active between 1.21600–1.25236 range

RSI at 48.7 shows neutral momentum

MACD histogram flattens, signaling indecision

Trade Setups 💼

Intraday Buy Opportunity 🟢

Entry: 🎯 1.23816 (Key Support Cluster)

Stop Loss: 🚫 1.22966 (Below Secondary Support)

Take Profit 1: 🏁 1.24341 (Immediate Resistance)

Take Profit 2: 🏁 1.25236 (Swing High Target)

Intraday Sell Opportunity 🔴

Entry: 🎯 1.24341 (Resistance Zone)

Stop Loss: 🚫 1.25191 (Above Swing High)

Take Profit 1: 🏁 1.23816 (Core Support)

Take Profit 2: 🏁 1.21600 (Swing Low Objective)

Risk Management ⚠️

Maintain 1:2.5 risk-reward ratio for favorable trades

Monitor UK inflation data and BoE rate guidance

Track USD strength via DXY index for correlation cues

Price battles at the 1.2400 psychological level. Sustained hold above 1.24341 may trigger bullish momentum, while breakdown below 1.23816 could accelerate bearish moves.

Liquidity Note: Focus on London session (07:00–16:00 UTC) for high-impact volatility. Brexit-related headlines may override technical patterns.