GBPUSD Daily Analysis 03/04/2025

Technical analysis

1. Overview of Momentum and Market Structure

• Previous Day: Bullish

• Current Bias: Bullish

• Range: 1.2558 – 1.2724

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

Trading Plan

Bullish Bias

Strategy:
Look for long positions at key demand and liquidity levels:

• Buy Levels:

  • 1.2660 (H1 FVG - Fair Value Gap & Support Zone)

  • 1.2647 (H1 FVG - Potential Rebound Area for Bulls)

  • 1.2629 (H4 FVG - Institutional Buying Zone & Higher Timeframe Support)

  • 1.2604 (H4 FVG - Strong Demand Area & Key Bullish Entry)

Primary Targets:

• 1.2724 (Extreme Liquidity - Strong Resistance & Key Bullish Target)

• 1.2749 (Daily Order Block - Institutional Selling Zone & Potential Reversal Area)

• 1.2811 (Daily Liquidity - Major Upside Expansion Zone)

• 1.2833 (Weekly FVG - Strong Supply & Final Bullish Target)

For Short Positions

Strategy:

• Look for short opportunities at key resistance levels for potential pullbacks:

  • 1.2749 (Daily Order Block - Possible Rejection Zone for Shorts)

  • 1.2811 (Daily Liquidity - Major Resistance & Institutional Selling Area)

  • 1.2833 (Weekly FVG - Strong Supply Zone & Final Sell Level)

Sell Targets:

• 1.2724 (Initial Target for Shorts & Possible Retracement Zone)

• 1.2660 (H1 FVG - First Bearish Target for Downside Move)

• 1.2647 (H1 FVG - Key Support & Possible Bounce Area)

• 1.2629 (H4 FVG - Next Bearish Target in Case of Reversal)

Summary

• Bullish sentiment with buy setups at 1.2660, 1.2647, 1.2629, and 1.2604, targeting 1.2724, 1.2749, 1.2811, and 1.2833.

• Short opportunities at 1.2749, 1.2811, and 1.2833, targeting 1.2724, 1.2660, 1.2647, and 1.2629.

• Monitor price action at key liquidity levels and FVGs before entering trades.