GBPUSD Daily Analysis 02/28/2025

Technical analysis

1. Overview of Momentum and Market Structure

• Previous Day: Bullish

• Current Bias: Bearish

• Range: 1.2715 – 1.2591

• Expectations: Price is expected to decline, targeting liquidity levels and fair value gaps (FVGs).

Trading Plan

Bearish Bias

Strategy:
Look for short opportunities at key resistance and liquidity zones:

• Sell Levels:

  • 1.2609 (H1 Liquidity - Initial Resistance & Liquidity Grab Zone)

  • 1.2629 (H1 Liquidity - Strong Resistance & Possible Rejection Area)

  • 1.2649 (SR Level - Structural Resistance & Key Sell Zone)

  • 1.2665 (H1 FVG - Fair Value Gap & Possible Short Entry Zone)

Primary Targets:

• 1.2562 (H4 Liquidity - Major Support & Take-Profit for Shorts)

• 1.2549 (Weekly FVG - High-Impact Liquidity Zone & Demand Area)

• 1.2483 (Daily FVG - Key Support & Extreme Liquidity Zone)

For Long Positions

Strategy:

• Look for potential reversals at major liquidity zones for buying opportunities:

  • 1.2549 (Weekly FVG - Strong Demand & Institutional Buy Zone)

  • 1.2483 (Daily FVG - Major Reversal Area & Deep Liquidity Zone)

Buy Targets:

• 1.2591 (Previous Day Low & Possible Reversal Zone)

• 1.2629 (H1 Liquidity - First Target for Longs)

• 1.2649 (SR Level - Structural Resistance & Potential Rejection Area)

• 1.2665 (H1 FVG - Supply Zone & Liquidity Target for Bulls)

Summary

• Bearish sentiment with short setups at 1.2609, 1.2629, 1.2649, and 1.2665, targeting 1.2562, 1.2549, and 1.2483.

• Buyers may step in at 1.2549 and 1.2483, targeting 1.2591, 1.2629, and 1.2649.

• Monitor liquidity grabs and order flow shifts before executing trades.