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Gbp Usd Price Action Update April 29 2025

GBP/USD Price Action Update – April 29, 2025

  • Admin
  • 29 April, 2025

Article overview

📊GBP/USD Price Action Update – April 29, 2025
🔹Current Price: 1.34082
🔹Timeframe: 15M

📌Key Demand Zone (Support):
🟢1.33837 – Fresh Bullish Base (potential bullish re-entry zone)

📌Key Resistance Level:
🔴Near recent highs (above 1.34600 area – untested liquidity zone)

📈Bullish Outlook:
Price is pulling back after a strong bullish move and is now approaching the 1.33837 demand zone. A clean bullish reaction from this zone can lead price back toward the previous highs. Watch for bullish engulfing or break of structure confirmation.

📉Bearish Outlook:
Failure to hold above 1.33837 could trigger a deeper correction. A break below this zone would weaken the bullish momentum and open the door for a retest of lower intraday levels.

⚡Trade Setup Tip:
✅Look for bullish confirmations near 1.33837
✅Target partial profits near previous highs
✅Use tight SL under demand zone lows for strong risk management

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