💷 GBPUSD 6th March 2025 Daily Analysis: Critical Technical Thresholds

Current Market Price (DCMP):

1.29010

Recent Swing High: 1.29880 | Recent Swing Low: 1.25502

🔥 Price Structure Breakdown

🔻 Below DCMP (Support Territory)

Immediate Floor: 1.27750 (Fib 61.8% Retracement Cluster)

Critical Defense: 1.27214 | 1.24616

Breakdown Catalyst: 1.24000 (2025 Psychological Level)

🔺 Above DCMP (Resistance Frontier)

First Barrier: 1.29370 (Bearish Order Block)

Upper Limit: 1.29880 (Year-to-Date High)

🚨 Trade Setup

🟢 Intraday Buy Opportunity

Entry: 🎯 1.27750 (Fib 61.8% + Weekly Support Confluence)

Stop Loss: 🔴 1.27214 (Below Swing Structure)

Take Profit 1: 🚀 1.28547 (+79.7 Pips)

Take Profit 2: 💥 1.29056 (+130.6 Pips)

Rationale:

Price tests critical Fibonacci retracement from swing low 1.25502 to high 1.29880

Bullish MACD histogram reversal observed on 4H timeframe

📉 Technical Landscape

Fibonacci Framework

61.8% Support: 1.27750 (Key Reversal Zone)

38.2% Resistance: 1.29370 (Breakout Threshold)

Momentum Indicators

RSI: Neutral at 49.3 with hidden bullish divergence on 4H chart

MACD: Bearish crossover at 1.29000 resistance zone

🎯 Strategic Outlook

GBPUSD faces critical test at 1.29010 pivot. Sustained holds above 1.28547 may trigger rally toward 1.29880, while breakdown below 1.27750 risks collapse to 1.27214. Tight risk management advised given BoE policy uncertainty.

⚡ Catalyst Watch: Monitor US NFP data (March 7) - strong prints could amplify USD strength against GBP!

Key Technical Elements:

Fibonacci 61.8% support aligns with weekly pivot at 1.27750

Bearish order block at 1.29370 acts as immediate resistance

RSI divergence suggests potential trend exhaustion

MACD crossover signals shifting momentum dynamics

Risk Disclaimer: Trading leveraged instruments carries substantial risk. Always verify market conditions independently before execution.