top of page

GBPUSD Daily Analysis Based on Main Key Levels – April 29, 2025

  • Neom
  • Apr 29
  • 1 min read

Daily Current Market Price (DCMP): 💹 1.34098


🔍 Key Technical Snapshot


  • Swing High: 1.35532

  • Swing Low: 1.27081


  • Above DCMP (Resistance): 1.34407, 1.34515, 1.34906

  • Below DCMP (Support): 1.33958, 1.33266, 1.32878



📊 Trade Setups


1️⃣ Intraday Buy Trade


  • Entry: 🎯 1.33958 (Strong Support Zone)

  • Stop Loss: ⚠️ 1.33266 (Support1)

  • Take Profit 1: 💰 1.34407

  • Take Profit 2: 🚀 1.34098 (DCMP Retest)


Rationale: Price tests 38.2% Fibonacci retracement (1.27081-1.35532) with bullish RSI divergence.


2️⃣ Intraday Sell Trade


  • Entry: 🎯 1.34407 (Key Resistance Cluster)

  • Stop Loss: ⚠️ 1.34906 (Resistance2)

  • Take Profit 1: 💰 1.33958

  • Take Profit 2: 🚀 1.33266


Rationale: Bearish MACD crossover near 1.34407-1.34515 supply zone.


📉 Technical Indicators


  • Fibonacci Levels: 1.27081 (Swing Low) to 1.35532 (Swing High) retracement active.

  • RSI: 54 (Neutral with bearish momentum building).

  • MACD: Lines converging near zero, potential trend shift.


💡 Analyst Insight


GBPUSD oscillates between 1.33958-1.34407 with DCMP (1.34098) as pivot. Bank of England policy risks loom near 1.34407 psychological level.

Σχόλια


bottom of page