💷📅 GBPUSD Daily Analysis Based on Main Key Levels – 24 April 2025

Current Market Price: 🎯 1.32790

🎯 Critical Price Zones

Above Price (Resistance)

🔴 R3: 1.34549 | R2: 1.33649 | R1: 1.33094

Below Price (Support)

🟢 S1: 1.31295 | S2: 1.30740 | S3: 1.29845

Swing Extremes:

🔼 Swing High: 1.32077 | 🔽 Swing Low: 1.27081

📊 Technical Landscape

• RSI: Bearish divergence on 4H charts at 62.4

• MACD: Histogram shrinking near zero line, indicating momentum loss

• Price Action: Testing 1.32750-1.32820 consolidation band

💡 Intraday Trade Opportunities

Trade Idea 1: Intraday Buy

• Entry: 🎯 1.32195 (Support Confluence Zone)

• Stop Loss: 🚫 1.31705 (Below Critical Support)

• Take Profit 1: ✅ 1.32758 (Immediate Resistance)

• Take Profit 2: ✅ 1.33410 (Upper Resistance Cluster)

Rationale:

• Aligns with 61.8% Fibonacci retracement from 1.27081 low

• Bullish pin bar formation observed on 4H timeframe

Trade Idea 2: Intraday Sell

• Entry: 🎯 1.33094 (Resistance Cluster)

• Stop Loss: 🚫 1.33814 (Above R3)

• Take Profit 1: ✅ 1.32354 (Key Support)

• Take Profit 2: ✅ 1.31705 (Strong Historical Support)

Rationale:

• Price rejection at 1.33000 aligns with descending channel resistance

• Bearish RSI divergence (4H: 68.2 → 64.5)

📉 Fibonacci Framework (4H)

• 50% Retracement: 1.32500 acts as immediate support

• 161.8% Extension: 1.34000 becomes viable if bullish momentum accelerates

⚠️ Risk Parameters

• Maintain 1:3 risk-reward ratio for all positions

• Monitor UK Retail Sales data at 08:00 GMT

• Reduce exposure during US Durable Goods Orders release (12:30 GMT)