💷 GBPUSD Daily Analysis Based on Main Key Levels - 8 April 2025

Daily Current Market Price (DCMP): 🔵 1.27480

Price trades ABOVE immediate support (1.27023) but BELOW pivotal resistance (1.27672)

🚩 Critical Price Zones

Resistance (Sell Areas):

🔥 1.27672 (Intraday supply cluster)

🔥 1.28749 (Bullish breaker zone)

🔥 1.30145 (Multi-session ceiling)

Support (Buy Areas):

🛡️ 1.26317 (Liquidity-rich baseline)

🛡️ 1.25627 (Structural floor)

🛡️ 1.26490 (Order block confluence)

🔍 Technical Snapshot

Swing Levels:

Daily High: 1.30149 | Daily Low: 1.28710

4H High: 1.27886 | 4H Low: 1.27023

Fibonacci:

61.8% Retracement at 1.26950 | 127% Extension at 1.28230

Momentum:

RSI at 52 (neutral) | MACD lines converging above zero

Price Action:

Descending channel pattern with bearish volume spikes below 1.27672

💡 Trade Setups

Intraday Buy (Long)

🎯 Entry: 1.26317 (Demand confluence)

🔴 Stop Loss: 1.25627 (Lower timeframe swing low)

✅ Take Profit 1: 1.27023 (Immediate resistance)

✅ Take Profit 2: 1.27480 (DCMP)

Rationale: 78.6% Fib alignment with historical order block 📉→💥

Intraday Sell (Short)

🎯 Entry: 1.27672 (Supply zone)

🔴 Stop Loss: 1.28749 (Upper swing high)

✅ Take Profit 1: 1.26950 (61.8% Fib level)

✅ Take Profit 2: 1.26317 (Key support)

Rationale: Bearish MACD histogram expansion at resistance 📉→🎯

⚡ Key Observations

Decisive battle at 1.27480 aligns with 50D SMA (1.27200)

Volume profile shows trapped longs above 1.27672

Bullish divergence on 4H Stochastic oscillator

Risk Alert: Monitor UK CPI data at 09:30 GMT – Hot inflation print could trigger 100-pip surge above 1.27672 resistance.