📊GBP/USD Price Action Update – April 24, 2025
🔹Current Price: 1.32984
🔹Timeframe: 1H
📌Key Supply Zone (Resistance):
🔴1.34128–1.34346 – High-Interest Supply Zone (potential reversal area)
📌Key Demand Zone (Support):
🟢1.32026–1.32138 – Strong Demand Zone (clean rally-base-rally formation)
📈Bullish Outlook:
GBP/USD is pushing upward from the 1.32026–1.32138 demand zone with strong bullish momentum. A clean break above 1.33000 could lead price toward the major supply at 1.34128–1.34346. Look for continuation signals like bullish engulfing or break of structure.
📉Bearish Outlook:
If price fails to break the 1.33000 psychological resistance and starts rejecting, we could revisit the 1.32100 zone. A break below this demand area may open room for deeper correction.
⚡Trade Setup Tip:
✅Buy on retest of demand or confirmation candle
✅Target supply zone with partial profits before 1.34128
✅Keep SL below recent swing low for proper risk control
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