GBPUSD Daily Analysis Based on Main Key Levels - April 17, 2025

📌 Current Market Price (DCMP): 1.32114

Key Price Structure

Resistance (Above Price):

🔥 1.32508 - Immediate resistance

🔥 1.32981 - Strong resistance

🔥 1.33287 - Technical sell zone

Support (Below Price):

🛡️ 1.31476 - Critical support

🛡️ 1.29807 - Next demand zone

🛡️ 1.28710 - Swing low

Swing Levels:

↗️ Swing High: 1.34178

↘️ Swing Low: 1.28710

Trade Setup 1: Intraday Buy

🎯 Entry: 1.31476 (Key support)

⚠️ Stop Loss: Below 1.31000

💰 Take Profit 1: 1.32114

💰 Take Profit 2: 1.32508

Technical Confluence:

Bullish RSI divergence forming on 4H chart

61.8% Fibonacci retracement support

Trade Setup 2: Intraday Sell

🎯 Entry: 1.32508 (Key resistance)

⚠️ Stop Loss: Above 1.32800

💰 Take Profit 1: 1.32114

💰 Take Profit 2: 1.31476

Technical Confluence:

Bearish MACD crossover on daily timeframe

Price rejection at 78.6% Fibonacci extension

Technical Snapshot

Momentum: RSI at 54 (neutral territory)

Price Action: Testing 1.32114 daily pivot

Key Levels: 1.31476-1.32508 immediate range

Risk Management Notes

🔹 Position sizing ≤ 1% of capital per trade

🔹 Avoid trading during BOE announcements

🔹 Monitor UK inflation data for fundamental cues