🏆 GBPUSD 5th February 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 1.24674

📊 Key Levels

Above DCMP (Resistance): 1.24866 (Intraday Sell Zone)

Below DCMP (Support): 1.24341 (Intraday Buy Zone)

Swing High: 1.25236 | Swing Low: 1.21600

📉 Technical Snapshot

Critical Levels:

Resistance: 1.24866 (R1), 1.25191 (R2)

Support: 1.24341 (S1), 1.23816 (S2)

Technical Indicators:

RSI divergence near 1.24866 signals bearish exhaustion.

MACD bullish crossover aligns with Fib 38.2% retracement at 1.24341.

Fib Levels: Strong confluence at 1.24866 (61.8% extension) as resistance.

💡 Trade Setups

📈 Intraday Buy Trade

Entry Price: 🟢 1.24341

Stop Loss: 🔴 1.23816

Take Profit 1: 🟡 1.24674

Take Profit 2: 🟠 1.24866

Rationale: DCMP holds above 1.24341 with bullish MACD momentum and Fib support.

📉 Intraday Sell Trade

Entry Price: 🔴 1.24866

Stop Loss: 🟢 1.25191

Take Profit 1: 🟡 1.24514

Take Profit 2: 🟠 1.24341

Rationale: Resistance at 1.24866 (key Fib level) paired with overbought RSI favors downside.

📌 Final Insights

Critical Zones: Watch 1.24341 (bullish base) and 1.24866 (bearish trigger).

Fundamental Catalyst: BoE rate expectations and USD volatility to drive price action.