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
16.02.2022 10:02 AM
Analysis and trading tips for GBP/USD on February 16
Open trading account Open demo account

Analysis of transactions in the GBP / USD pair

A signal to buy emerged after GBP/USD hit 1.3542. Coincidentally, the MACD line was moving above zero, so the pair rose by around 25 pips. But after that was a dip to 1.3519, during which the MACD line had already gone down quite a lot from zero. Surprisingly, there was no strong decline as the pair halted its fall around 1.3495 and then bounced back by 40 pips.

This image is no longer relevant

The UK unemployment report came out quite controversial. The unemployment rate remained unchanged and the number of jobless claims fell, but wages increased far more than projected. And during the US session, the strong jump in the US producer price index raised demand for the dollar, thereby pulling the GBP/USD rate down. Most likely, this bearish move will extend today if UK CPI dips as expected. The house price index, on the other hand, is unlikely to seriously affect the market. In the afternoon, the US will release a report on industrial production, which, if indicates a further increase in inflationary pressure, could force the Fed to act more aggressively. The central bank will also publish its January minutes, and that could provoke another rally in dollar and decrease in GBP/USD.

For long positions:

Buy pound when the quote reaches 1.3560 (green line on the chart) and take profit at the price of 1.3598 (thicker green line on the chart). A rally will occur if inflation data in the UK exceeds expectations. But before buying, make sure that the MACD line is above zero, or is starting to rise from it. It is also possible to buy at 1.3539, however, the MACD line should be in the oversold area as only by that will the market reverse to 1.3560 and 1.3598.

For short positions:

Sell pound when the quote reaches 1.3539 (red line on the chart) and take profit at the price of 1.3495. A decline and breakout of weekly lows will depend entirely on the upcoming US data and on the market reaction to the Federal Reserve protocol. In any case, before selling, make sure that the MACD line is below zero, or is starting to move down from it. Pound can also be sold at 1.3560, however, the MACD line should be in the overbought area, as only by that will the market reverse to 1.3539 and 1.3495.

This image is no longer relevant

What's on the chart:

The thin green line is the key level at which you can place long positions in the GBP/USD pair.

The thick green line is the target price, since the quote is unlikely to move above this level.

The thin red line is the level at which you can place short positions in the GBP/USD pair.

The thick red line is the target price, since the quote is unlikely to move below this level.

MACD line - when entering the market, it is important to be guided by the overbought and oversold zones.

Important: Novice traders need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp fluctuations in the rate. If you decide to trade during the release of news, then always place stop orders to minimize losses. Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes.

And remember that for successful trading, you need to have a clear trading plan. Spontaneous trading decisions based on the current market situation is an inherently losing strategy for an intraday trader.

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
Forecast
Intraday Strategies for Beginner Traders on April 2 The euro and the pound are trading within sideways channels, but both currencies are experiencing increasing pressure. Today's key development is expected to arise from the announcement of trade tariffs
Miroslaw Bawulski
07:04 2025-04-02 +02:00
1075
Fundamental analysis
What to Pay Attention to on April 2? A Breakdown of Fundamental Events for Beginners There will be very few macroeconomic events on Wednesday, but yesterday showed us that even a large number of macro reports do not always trigger significant movement—even within
Paolo Greco
06:25 2025-04-02 +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

Intraday Strategies for Beginner Traders on April 2

The euro and the pound are trading within sideways channels, but both currencies are experiencing increasing pressure. Today's key development is expected to arise from the announcement of trade tariffs
Miroslaw Bawulski 07:04 2025-04-02 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on April 1st (U.S. Session)

Trade Review and Japanese Yen Trading Recommendations The test of the 149.93 level occurred at a time when the MACD indicator had already moved significantly above the zero line, limiting
Jakub Novak 19:58 2025-04-01 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on April 1st (U.S. Session)

Trade Review and British Pound Trading Recommendations The test of the 1.2925 level occurred just as the MACD indicator was beginning to move down from the zero line, confirming
Jakub Novak 19:55 2025-04-01 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on April 1st (U.S. Session)

Trade Review and Euro Trading Recommendations The test of the 1.0817 price level coincided with the MACD indicator just beginning to move downward from the zero line, which confirmed
Jakub Novak 19:52 2025-04-01 UTC+2

USDJPY: Simple Trading Tips for Beginner Traders on April 1 – Review of Yesterday's Forex Trades

Trade Review and Trading Tips for the Japanese Yen The test of the 149.55 level occurred at a moment when the MACD indicator had already moved significantly above the zero
Jakub Novak 10:58 2025-04-01 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on April 1 – Forex Trade Review

Trade Review and British Pound Trading Tips The test of the 1.2939 level occurred just as the MACD indicator began moving down from the zero line, confirming a correct entry
Jakub Novak 10:55 2025-04-01 UTC+2

EURUSD: Simple Trading Tips for Beginner Traders – April 1

Trade Review and EUR Trading Advice The test of the 1.0810 level occurred just as the MACD indicator began to move down from the zero mark, confirming a valid entry
Jakub Novak 10:53 2025-04-01 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on March 31st (U.S. Session)

Trade Breakdown and Tips for Trading the Japanese Yen The price test at 148.84 occurred when the MACD had already moved significantly below the zero mark, limiting the pair's downward
Jakub Novak 20:01 2025-03-31 UTC+2

GBPUSD: Simple Trading Tips for Beginner Traders on March 31st (U.S. Session)

Trade Breakdown and Tips for Trading the British Pound The price test at 1.2935 occurred when the MACD had already moved significantly below the zero mark, which limited the pair's
Jakub Novak 19:58 2025-03-31 UTC+2

EURUSD: Simple Trading Tips for Beginner Traders on March 31st (U.S. Session)

Trade Breakdown and Tips for Trading the Euro The price test of 1.0820 occurred at a time when the MACD indicator had already moved significantly below the zero line, which
Jakub Novak 19:55 2025-03-31 UTC+2

Top analytics

Relevance up to 22:00 2025-04-02 UTC--4
EUR/USD Forecast for April 2, 2025
04:49 2025-04-02
Technical analysis
Relevance up to 22:00 2025-04-02 UTC--4
GBP/USD Forecast for April 2, 2025
04:49 2025-04-02
Technical analysis
Relevance up to 19:00 2025-04-02 UTC--4
Trading Recommendations and Analysis for GBP/USD on April 2: The Market Continues to Rest
04:00 2025-04-02
Trading plan
Relevance up to 19:00 2025-04-02 UTC--4
Trading Recommendations and Analysis for EUR/USD on April 2: Monday Quietly Slipped Into Tuesday
04:00 2025-04-02
Trading plan
Relevance up to 19:00 2025-04-02 UTC--4
GBP/USD Pair Overview – April 2: The Pound Still Stuck in Place
05:14 2025-04-02
Fundamental 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.