empty
InstaForex - Official partner of Dragon Racing
InstaForex - Official partner of Dragon Racing
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
21.04.2025 01:01 AM
British Pound: Weekly Preview
Open trading account Open demo account

This image is no longer relevant

Several fairly interesting reports were released in the UK, but they almost did not impact market participants' actions. Demand for the British pound increased on all five days except for the second half of Wednesday. On Wednesday, the UK published the most important inflation report, which showed a stronger-than-expected slowdown. The pound managed a minimal decline, although a stronger reaction could have been expected. Therefore, the new week's news flow may have only a limited impact on the GBP/USD pair.

The economic calendar includes the same usual business activity indices in the services and manufacturing sectors, which may decline in April, as well as retail sales, the volume of which could also drop. Thus, the British pound should not count on support from the economic backdrop. However, it does not currently need it, as the market continues to increase demand for the pound even on days when Donald Trump refrains from introducing new measures against the world that he deems "unfair" toward America. The only noteworthy event is the speech by Bank of England Governor Andrew Bailey, who may share the central bank's expectations for economic growth and inflation in the new trade reality.

Based on the above, the dollar's decline may continue even without new tariffs from Trump or strong data from the UK. Of course, we must also consider the news flow from the US, but I remind you that, at this point, nothing seems capable of saving the dollar. Even multiple hawkish statements from Jerome Powell and his open confrontation with the dovish-minded Trump have not affected the exchange rate of the American currency, which continues to fall rapidly and almost unopposed.

This image is no longer relevant

Wave analysis of EUR/USD

Based on the conducted analysis of EUR/USD, I conclude that the instrument continues to build a new upward trend section. Donald Trump's actions have reversed the previous downward trend. Therefore, the wave pattern will soon entirely depend on the position and decisions of the US president. This must constantly be kept in mind. Judging from the wave structure alone, I previously expected a three-wave correction in wave 2. However, wave 2 has already ended and took a single-wave form. Thus, the formation of wave 3 of the upward trend section has begun. Its targets could extend up to the 1.2500 level, but achieving them will depend solely on Trump.

This image is no longer relevant

Wave analysis of GBP/USD

The wave structure of GBP/USD has changed. We are now dealing with a bullish, impulsive trend segment. Unfortunately, under Donald Trump, the markets may experience numerous shocks and reversals that do not conform to wave patterns or technical analysis. The presumed wave 2 is now complete, as quotes have surpassed the peak of wave 1. Therefore, we can expect the formation of an ascending wave 3, with the next targets at 1.3345 and 1.3541—assuming that Trump's stance on trade policy doesn't make a 180-degree turn, for which there is no indication.

Core principles of my analysis:
  1. Wave structures should be simple and understandable. Complex patterns are difficult to trade and often prone to change.
  2. If you're unsure about what's happening in the market, it's better to stay out.
  3. There is never 100% certainty about market direction. Always use protective Stop Loss orders.
  4. Wave analysis can be combined with other forms of analysis and trading strategies.
Chin Zhao,
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
Trading plan
Trading Recommendations and Analysis for GBP/USD on June 12: The Pound Finds a New Reason to Cheer On Wednesday, the GBP/USD currency pair resumed its upward movement. As previously noted, the British currency currently has no valid reason to decline against the U.S. dollar—specifically, against the U.S
Paolo Greco
04:00 2025-06-12 +02:00
1090
Trading plan
Trading Recommendations and Analysis for EUR/USD on June 12: Even Inflation Didn't Please the Dollar The EUR/USD currency pair traded very differently throughout Wednesday. During the European trading session, the pair continued its sideways movement, which had persisted for several days. There was no macroeconomic
Paolo Greco
03:55 2025-06-12 +02:00
1060
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

Donald Trump Plans to Suppress the Uprising

For several consecutive days, protests and unrest have continued in some major U.S. cities, sparked by Donald Trump's new immigration policy. This time, the U.S. President has decided to deport
Chin Zhao 00:35 2025-06-12 UTC+2

EUR/USD. In the Shadow of the Trade Deal: U.S. Inflation Report Pressures the Greenback

A mixed U.S. inflation report pressured the greenback. The dollar index returned to 98.00, while the EUR/USD pair refreshed its weekly high, rising to 1.1491. Additional pressure on the U.S
Irina Manzenko 00:35 2025-06-12 UTC+2

Will the Dollar Maintain the Status Quo?

To make accurate predictions about the future, one must examine the past. The more than 10% rally in EUR/USD since the beginning of the year has been driven by four
Marek Petkovich 00:35 2025-06-12 UTC+2

XAU/USD. Analysis and Forecast

Currently, the price of gold remains confined within a weekly range. The key factors supporting price growth include a decision by the U.S. federal appellate court to uphold President Donald
Irina Yanina 18:35 2025-06-11 UTC+2

USD/JPY. Analysis and Forecast

At this stage, the Japanese yen continues to trade within an intraday consolidation range, approaching the two-week low against the U.S. dollar reached yesterday. The main factors influencing the movement
Irina Yanina 18:33 2025-06-11 UTC+2

EUR/GBP. Analysis and Forecast

However, at this point, it lacks follow-through buying, despite a fundamental backdrop that suggests the path of least resistance for spot prices lies to the upside. The weak performance
Irina Yanina 11:38 2025-06-11 UTC+2

Results of the Second Round of U.S.–China Negotiations

The United States and China have concluded two days of important trade negotiations with a plan to resume the flow of sensitive goods — this framework now awaits approval from
Jakub Novak 11:32 2025-06-11 UTC+2

The U.S. and China: A Small Step Forward. What's Next? (Potential for a reversal and decline in EUR/USD and NZD/USD pairs)

Representatives from the United States and China have reached a framework agreement on trade following two days of high-level talks in London. But why isn't there a sense of euphoria
Pati Gani 09:52 2025-06-11 UTC+2

The Market Approaches Its Rubicon

The devil is in the details—and the U.S. and China haven't provided investors with those details regarding their newly reached deal. This lack of transparency risks cutting off the momentum
Marek Petkovich 09:18 2025-06-11 UTC+2

What to Pay Attention to on June 11? A Breakdown of Fundamental Events for Beginners

Very few macroeconomic reports are scheduled for Wednesday. Therefore, any sharp reversal or strengthening of movement may only occur at the start of the U.S. trading session, when
Paolo Greco 06:10 2025-06-11 UTC+2

Top analytics

Relevance up to 19:00 2025-06-12 UTC--5
Trading Recommendations and Analysis for GBP/USD on June 12: The Pound Finds a New Reason to Cheer
04:00 2025-06-12
Trading plan
Relevance up to 19:00 2025-06-12 UTC--5
Trading Recommendations and Analysis for EUR/USD on June 12: Even Inflation Didn't Please the Dollar
03:55 2025-06-12
Trading plan
Relevance up to 14:00 UTC--5
Donald Trump Plans to Suppress the Uprising
00:35 2025-06-12
Fundamental analysis
Relevance up to 11:00 UTC--5
EUR/USD. In the Shadow of the Trade Deal: U.S. Inflation Report Pressures the Greenback
00:35 2025-06-12
Fundamental analysis
Relevance up to 08:00 2025-06-16 UTC--5
Will the Dollar Maintain the Status Quo?
00:35 2025-06-12
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.