23/05/2025
GOOD MORNING! DAILY BIAS ANALYSIS - GBP/USD
Current Price: 1.34579 (+0.31%) - Daily Chart Analysis
HIGHER TIMEFRAME SMART MONEY ANALYSIS:
MARKET STRUCTURE - BULLISH DOMINANCE
Key Observations:
1. Strong Uptrend Intact: Clear higher highs and higher lows since February lows around 1.2520
2. Current Position: Trading near daily highs at 1.34579 - showing institutional strength
3.Momentum: +0.31% daily gain indicates continued buying pressure
CRITICAL LEVELS FOR TODAY:
RESISTANCE ZONES:
-Immediate: 1.3480-1.3500 (psychological resistance & potential daily high)
- Major:1.3520-1.3550 (next significant resistance cluster)
-Ultimate: 1.3600 (major psychological level)
SUPPORT ZONES:
-Immediate: 1.3420-1.3440 (recent consolidation area)
-Key:1.3350-1.3380 (previous resistance turned support)
-Major: 1.3200-1.3220 (structural support from May consolidation)
DAILY BIAS: BULLISH
Institutional Analysis:
-Smart Money Flow: Clearly bullish - consistent buying on dips since April
-Order Flow: Higher timeframe buyers in control
-Momentum: Strong upward trajectory with minimal retracements
TODAY'S STRATEGY: Primary Bias: Look for BUY opportunities on pullbacks
Secondary: Monitor for continuation patterns above 1.3450
POWER OF 3 DAILY FRAMEWORK:
-Accumulation: Completed during April-May consolidation (1.32-1.34 range)
-Manipulation: Minor pullbacks being bought aggressively
-Distribution: Currently in bullish distribution phase targeting 1.35+
RISK FACTORS:
- Watch for rejection at 1.3500 psychological level
- Any break below 1.3400 would signal short-term weakness
- Overall trend remains strongly bullish until proven otherwise
DAILY CONCLUSION: Maintain bullish bias, buy dips, target 1.3500+ continuation.