empty
InstaForex Loprais Team - Official participant of the Dakar rally
InstaForex Loprais Team - Official participant of the Dakar rally
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
How to start trading
Useful information
Training and recordings
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
PAMM System
ForexCopy System
Passive investments
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Main Page
Partner Area
Advantages for Affiliates
Registration
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Contests
Events
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Forums
We are in social networks
Forex humour
Forex Portal
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
History
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Headquarters
Key documents
Social Responsibility
16.04.2025 08:46 AM
GBP/USD: Simple Trading Tips for Beginner Traders on April 16. Review of Yesterday's Forex Trades
Open trading account Open demo account

Analysis of Trades and Trading Tips for the British Pound

The test of the 1.3238 price level occurred when the MACD indicator had just begun rising from the zero line, which confirmed a valid entry point for buying the pound in line with the trend. However, the pair failed to continue its upward movement, resulting in a loss.

Yesterday's mixed labor market data from the UK limited the pair's upside potential. The reports showed an unexpectedly lower number of jobless claims and a corresponding decline in average earnings in the UK. Despite the initial hesitation caused by these conflicting signals, traders focused on the Bank of England's dovish monetary policy stance, which it plans to maintain due to the steady decline in inflation. New figures on the UK Consumer Price Index and core prices will be released today. Investors are closely monitoring any signs of persistent inflation, as this could prompt the BoE to leave rates unchanged at the upcoming meeting. However, it's worth noting that the pound's growth could be short-lived if the data turn out to be mixed or disappointing. The market is susceptible to the slightest hint of a change in the BoE's tone.

For intraday strategy, I will focus primarily on Scenarios #1 and #2.

This image is no longer relevant

Buy Signal

Scenario #1: I plan to buy the pound today if the price reaches the entry point around 1.3297 (green line on the chart), with a target of 1.3355 (thicker green line on the chart). Around the 1.3355 level, I will exit long positions and open short positions (expecting a 30–35 pip pullback). A continuation of the upward trend is possible today following strong economic data.

Important! Before buying, make sure the MACD indicator is above the zero line and just beginning to rise.

Scenario #2: I also plan to buy the pound today in the event of two consecutive tests of the 1.3252 level while the MACD indicator is in the oversold area. This would limit the pair's downside potential and could lead to a bullish reversal. A price increase toward the opposite levels of 1.3297 and 1.3355 can be expected.

Sell Signal

Scenario #1: I plan to sell the pound today after a breakout below 1.3252 (red line on the chart), likely triggering a sharp drop in the pair. The key target for sellers will be the 1.3196 level, where I plan to exit short positions and immediately open long positions (expecting a 20–25 pip reversal). Be very cautious when selling the pound.

Important! Before selling, make sure the MACD indicator is below the zero line and beginning to decline.

Scenario #2: I also plan to sell the pound today in the event of two consecutive tests of the 1.3297 level while the MACD indicator is in the overbought area. This would limit the pair's upside potential and could lead to a bearish reversal. A decline toward the opposite levels of 1.3252 and 1.3196 can be expected.

This image is no longer relevant

What's on the Chart:

  • The thin green line represents the entry price where the trading instrument can be bought.
  • The thick green line indicates the expected price level where a Take Profit order can be placed, or profits can be manually secured, as further price growth above this level is unlikely.
  • The thin red line represents the entry price where the trading instrument can be sold.
  • The thick red line indicates the expected price level where a Take Profit order can be placed, or profits can be manually secured, as further price decline below this level is unlikely.
  • The MACD indicator should be used to assess overbought and oversold zones when entering the market.

Important Notes:

  • Beginner Forex traders should exercise extreme caution when making market entry decisions. It is advisable to stay out of the market before the release of important fundamental reports to avoid exposure to sharp price fluctuations. If you choose to trade during news releases, always use stop-loss orders to minimize potential losses. Trading without stop-loss orders can quickly wipe out your entire deposit, especially if you neglect money management principles and trade with high volumes.
  • Remember, successful trading requires a well-defined trading plan, similar to the one outlined above. Making impulsive trading decisions based on the current market situation is a losing strategy for intraday traders.
Jakub Novak,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
All Analytics
Wave analysis
EUR/USD Analysis on April 21, 2025 The wave structure on the 4-hour chart for EUR/USD has transformed into a bullish formation. I believe there's little doubt that this transformation occurred solely due to the new U.S
Chin Zhao
19:46 2025-04-21 +02:00
1315
Wave analysis
GBP/USD Analysis on April 21, 2025 The wave structure for GBP/USD has also transformed into a bullish, impulsive formation—"thanks" to Donald Trump. The wave picture is nearly identical to that of EUR/USD. Up until February
Chin Zhao
19:44 2025-04-21 +02:00
1195
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

USD/JPY: Simple Trading Tips for Beginner Traders on April 21st (U.S. Session)

Trade Breakdown and Trading Tips for the Japanese Yen The first test of the 140.62 price level occurred when the MACD indicator had already fallen significantly below the zero line
Jakub Novak 19:41 2025-04-21 UTC+2

GBPUSD: Simple Trading Tips for Beginner Traders on April 21st (U.S. Session)

Trade Breakdown and Tips for Trading the British Pound The price test at 1.3399 coincided with the MACD beginning to rise from the zero line, confirming a valid entry point
Jakub Novak 19:39 2025-04-21 UTC+2

EURUSD: Simple Trading Tips for Beginner Traders on April 21st (U.S. Session)

Trade Breakdown and Tips for Trading the Euro The price test at 1.1545 occurred when the MACD indicator had already moved far above the zero line, which limited the pair's
Jakub Novak 19:29 2025-04-21 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on April 21. Review of Yesterday's Forex Trades

The price test at 142.20 occurred when the MACD indicator had already moved significantly below the zero line, limiting the pair's downside potential. For this reason, I didn't sell
Jakub Novak 08:59 2025-04-21 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on April 21. Review of Yesterday's Forex Trades

The price test at 1.3268 occurred when the MACD indicator moved significantly above the zero line, limiting the pair's upside potential. For that reason, I did not buy the pound
Jakub Novak 08:59 2025-04-21 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on April 21. Review of Yesterday's Forex Trades

The levels I had marked were not tested in the second half of the day. This was due to the market holiday and the closure of several major exchanges. During
Jakub Novak 08:59 2025-04-21 UTC+2

Intraday Strategies for Beginner Traders on April 21

The euro and the pound posted significant gains during today's Asian trading session, and there were objective reasons for this. The sharp weakening of the U.S. dollar during the Asian
Miroslaw Bawulski 08:59 2025-04-21 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on April 18. Review of Yesterday's Forex Trades

The test of the 142.38 level coincided with a moment when the MACD indicator had already significantly moved below the zero mark, which limited the pair's downside potential. For this
Jakub Novak 08:33 2025-04-18 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on April 18. Review of Yesterday's Forex Trades

The test of the 1.3249 price level occurred when the MACD indicator had already moved significantly above the zero line, which limited the pair's upside potential. For this reason
Jakub Novak 08:31 2025-04-18 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on April 18. Review of Yesterday's Forex Trades

The test of the 1.1357 price level occurred when the MACD indicator had already dropped significantly below the zero line, which limited the pair's downside potential. For this reason
Jakub Novak 08:30 2025-04-18 UTC+2

Top analytics

Relevance up to 06:00 UTC--4
XAU/USD. Analysis and Forecast
19:15 2025-04-21
Fundamental analysis
Relevance up to 21:00 2025-04-22 UTC--4
Technical Analysis of Intraday Price Movement USD/JPY Main Currency Pairs, Monday April 21, 2025.
04:19 2025-04-21
Technical analysis
Relevance up to 05:00 2025-04-25 UTC--4
Weekly Forecast Based on Simplified Wave Analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold – April 21st
09:25 2025-04-21
Wave analysis
Relevance up to 02:00 UTC--4
GBP/USD: Simple Trading Tips for Beginner Traders on April 21. Review of Yesterday's Forex Trades
08:59 2025-04-21
Forecast
Relevance up to 12:00 UTC--4
EUR/USD Analysis on April 21, 2025
19:46 2025-04-21
Wave analysis
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.