GBPUSD Daily Analysis 02/23/2025

Technical analysis

1. Overview of Momentum and Market Structure

• Previous Day: Bearish

• Current Bias: Bearish

• Range: 1.2678 – 1.2624

• Expectations: Price is expected to decline toward key liquidity zones and FVGs before potential reversals.

Trading Plan

Bearish Bias

Strategy:
Look for sell opportunities at strong resistance and liquidity zones:

• 1.2649 (H1 Liquidity - Resistance Zone & Potential Sell Opportunity)

• 1.2666 (H1 Liquidity - Strong Rejection Area & Sell Entry)

Primary Targets:

• 1.2622 (H4 FVG - Strong Demand Zone & Possible Reversal Area)

• 1.2596 (H1 Liquidity - Key Target for Liquidity Grab)

• 1.2586 (H4 OB - Major Reversal Zone & Strong Support)

• 1.2562 (H4 Liquidity - Extreme Liquidity Zone & Final Target)

For Long Positions

Strategy:
Look for buy opportunities at strong demand and liquidity zones:

• Buy Levels:

  • 1.2586 (H4 OB - Strong Demand Zone & High-Probability Reversal Area)

  • 1.2562 (H4 Liquidity - Key Support Zone for Reversal)

Buy Targets:

• 1.2624 (Mid-Range Target - Potential Short-Term Reversal Zone)

• 1.2649 (H1 Liquidity - First Upside Target)

• 1.2666 (H1 Liquidity - Second Upside Target)

Summary

• Bearish momentum remains valid below 1.2666, targeting 1.2622, 1.2596, 1.2586, and 1.2562.

• Short setups become valid near 1.2649 and 1.2666 for potential reversals.

• Buy setups become valid around 1.2586 and 1.2562 for potential upside movements.

• Monitor price action at FVGs and liquidity zones for confirmation.