GBPUSD Daily Analysis 02/17/2025

Technical analysis

1. Overview of Momentum and Market Structure

• Current Momentum: Bullish.
  Previous Day's Performance: Bullish.
  Range: 1.2549 – 1.2629

• Expectations: Price is expected to move higher toward key liquidity areas before potential selling pressure emerges.

Trading Plan

Bullish Bias

Strategy:

Look for long opportunities from liquidity levels and fair value gaps (FVG):

• 1.2571 (H1 Liquidity)

• 1.2568 (Daily FVG)

Primary Targets:

• 1.2629 (Extreme Liquidity - Range High)

• 1.2683 (H4 FVG)

• 1.2728 (Daily Liquidity)

For Short Positions

Strategy:

If price reaches major liquidity areas and forms a bearish rejection, consider sell setups:

• 1.2683 (H4 FVG)

• 1.2728 (Daily Liquidity)

Sell Targets:

• 1.2629 (Extreme Liquidity - Range High)

• 1.2571 (H1 Liquidity - Key Support)

Summary

• Bullish bias remains valid above 1.2549, with upside targets at 1.2629 – 1.2728.

• Potential sell opportunities exist at 1.2683 (H4 FVG) and 1.2728 (Daily Liquidity) if price shows reversal signs.

• A clean break below 1.2549 could shift the bias to bearish.

• Monitor price action for bullish continuation or rejection at resistance levels.