🚀 GBPUSD 7th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 1.28865

Key Price Structure & Technical Snapshot 📊

Critical Levels

Above DCMP (Resistance):

▶️ 1.28907 (Immediate Resistance) 🔴

▶️ 1.29128 (Mid-Term Barrier)

▶️ 1.29487 (2025 Yearly High Confluence)

Below DCMP (Support):

▶️ 1.27750 (Strong Buy Zone) 🟢

▶️ 1.28327 (Fib 61.8% Retracement)

▶️ 1.28548 (Swing Low Anchor)

Swing Levels

Daily Swing High: 1.25594

Daily Swing Low: 1.25502

Technical Indicators

Fibonacci: 1.27750 aligns with 38.2% retracement from 2024’s ATH (1.29487)

RSI: Bullish divergence detected near 1.27750 support (RSI: 58).

MACD: Bullish crossover confirmed above 1.28865 DCMP

Intraday Trade Setups 💡

Trade Idea 1: Intraday Buy

Entry: 🎯 1.27750 (Weekly Pivot Support)

Stop Loss: 🚫 1.25502 (Swing Low)

Take Profit 1: 🏁 1.28548 (Fib 50% Retracement)

Take Profit 2: 🏁 1.28907 (DCMP Retest)

Rationale: Strong confluence at 1.27750 (weekly pivot + Fib 38.2%) amid bullish MACD crossover

Trade Idea 2: Intraday Sell

No valid setup above DCMP meets risk-reward criteria due to bullish market structure.

Strategic Insights & Risk Management 🔥

Bullish Momentum: Break above 1.28907 could target 1.29487 (2025 high)

Bearish Risk: Breakdown below 1.27750 may trigger a pullback toward 1.28327.

Fundamental Catalyst: Monitor BoE rate decisions amid UK-US trade tensions

Technical Tools in Focus 🔧

Price Channels: Ascending channel from 1.25502 signals bullish dominance

Volume Profile: High liquidity near 1.28865 supports bullish continuation.

Elliott Wave: Potential Wave 3 extension if 1.29487 breaks

Final Note: Focus on 1.27750-1.28907 range for breakout confirmation. Bullish bias prevails above 1.28548 swing low