GBPUSD Daily Analysis 03/05/2025

Technical analysis

1. Overview of Momentum and Market Structure

• Previous Day: Bullish

• Current Bias: Bullish

• Range: 1.2678 – 1.2799

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

Trading Plan

Bullish Bias

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

• Buy Levels:

  • 1.2753 (SR Level - Key Support & Retest Zone)

  • 1.2730 (H1 FVG - Institutional Buying Area & Liquidity Grab Zone)

  • 1.2699 (H1 Liquidity - Stop Hunt & Potential Bounce Area)

Primary Targets:

• 1.2799 (Extreme Liquidity - First Major Upside Target)

• 1.2811 (Daily Liquidity - Strong Resistance & Profit-Taking Zone)

• 1.2833 (Weekly FVG - Institutional Supply Zone & Take Profit Area)

• 1.2842 (Monthly FVG - Higher Timeframe Target & Strong Supply Area)

For Short Positions

Strategy:

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

  • 1.2811 (Daily Liquidity - Key Reversal Zone)

  • 1.2833 (Weekly FVG - Strong Supply & Distribution Area)

  • 1.2842 (Monthly FVG - Major Resistance & Institutional Selling Area)

Sell Targets:

• 1.2799 (First Downside Target Before Possible Drop)

• 1.2753 (SR Level - Re-entry Zone for Long Positions)

• 1.2730 (H1 FVG - Strong Demand & Buy Area)

• 1.2699 (H1 Liquidity - Major Liquidity Grab for Bullish Continuation)

Summary

• Bullish sentiment with buy setups at 1.2753, 1.2730, and 1.2699, targeting 1.2799, 1.2811, 1.2833, and 1.2842.

• Sell opportunities at 1.2811, 1.2833, and 1.2842, targeting 1.2799, 1.2753, 1.2730, and 1.2699.

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