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
23.04.2025 06:45 AM
How to Trade the GBP/USD Pair on April 23? Simple Tips and Trade Analysis for Beginners
Open trading account Open demo account

Analysis of Tuesday's Trades

1H Chart of GBP/USD

This image is no longer relevant

The GBP/USD pair declined rather significantly on Tuesday. While the pound's drop began somewhat sluggishly, in the evening, Donald Trump finally decided to help the U.S. dollar. The U.S. President stated that he no longer intended to fire Jerome Powell and did not plan to keep the 145% tariffs on China in place for an extended period. Presumably, Trump meant that the 145% tariffs would not remain in force if a trade agreement with China were signed. And as we know, negotiations have either not started or are being conducted in complete secrecy. We can only judge the progress of talks with all countries based on statements from the White House. And these statements often do not reflect reality. As a result, the dollar gained strength on Tuesday, but if it drops today, we won't be surprised.

5M Chart of GBP/USD

This image is no longer relevant

Two trading signals were formed in the 5-minute timeframe on Tuesday, but overall, market movements remain chaotic and driven by panic. In essence, all strong price swings we are currently observing are the result of statements and decisions made by Trump. No one can predict what the U.S. President will say today. Therefore, we can only draw conclusions based on the technical picture. However, the technical picture becomes highly ambiguous and overtly contradictory under Trump's influence.

Trading Strategy for Wednesday:

In the hourly timeframe, the GBP/USD pair could have started a downtrend a long time ago, but the market continues to focus solely on Trump, so the British pound continues to crawl steadily upward. One day of decline is not a trend. Thus, the future movements of the pair depend solely on the American President and his decisions—and nothing else.

On Wednesday, the GBP/USD pair may trade south for a while as the first signs of easing tensions in the global trade war have started to emerge. However, a consistent flow of news about trade conflict de-escalation is required for the dollar to show substantial growth.

On the 5-minute timeframe, trading levels for Wednesday are 1.2848–1.2860, 1.2913, 1.2980–1.2993, 1.3043, 1.3102–1.3107, 1.3145–1.3167, 1.3203, 1.3272, 1.3365, 1.3421–1.3440, 1.3488, 1.3537, 1.3580–1.3598. Business activity indices for April's services and manufacturing sectors are scheduled for release in both the UK and the U.S. on Wednesday, but these reports could introduce even more volatility into the pair's movements.

Core Trading System Rules:

  1. Signal Strength: The shorter the time it takes for a signal to form (a rebound or breakout), the stronger the signal.
  2. False Signals: If two or more trades near a level result in false signals, subsequent signals from that level should be ignored.
  3. Flat Markets: In flat conditions, pairs may generate many false signals or none at all. It's better to stop trading at the first signs of a flat market.
  4. Trading Hours: Open trades between the start of the European session and the middle of the US session, then manually close all trades.
  5. MACD Signals: On the hourly timeframe, trade MACD signals only during periods of good volatility and a clear trend confirmed by trendlines or trend channels.
  6. Close Levels: If two levels are too close (5–20 pips apart), treat them as a support or resistance zone.
  7. Stop Loss: Set a Stop Loss to breakeven after the price moves 20 pips in the desired direction.

Key Chart Elements:

Support and Resistance Levels: These are target levels for opening or closing positions and can also serve as points for placing Take Profit orders.

Red Lines: Channels or trendlines indicating the current trend and the preferred direction for trading.

MACD Indicator (14,22,3): A histogram and signal line used as a supplementary source of trading signals.

Important Events and Reports: Found in the economic calendar, these can heavily influence price movements. Exercise caution or exit the market during their release to avoid sharp reversals.

Forex trading beginners should remember that not every trade will be profitable. Developing a clear strategy and practicing proper money management are essential for long-term trading success.

Paolo Greco,
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
Fundamental analysis
GBP/USD Overview – June 11. What Will Inflation Influence? The GBP/USD currency pair fell sharply in the first half of Tuesday but retraced back to its original position in the second half. Traders may have assumed in the morning
Paolo Greco
03:31 2025-06-11 +02:00
1015
Fundamental analysis
EUR/USD Overview – June 11: Even News About Negotiations Doesn't Help the Dollar The EUR/USD currency pair continued trading sluggishly on Tuesday, maintaining an upward bias. The macroeconomic backdrop has been absent for two days in a row, but there have been some
Paolo Greco
03:31 2025-06-11 +02:00
1015
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

Trading Recommendations and Analysis for GBP/USD on June 11: The Pound Pauses Before a New Surge

The GBP/USD currency pair continued trading rather chaotically on Tuesday but with a bearish tone. The British pound at least slightly declined after the trend shifted downward. Recall that
Paolo Greco 03:31 2025-06-11 UTC+2

Trading Recommendations and Analysis for EUR/USD on June 11: Flat Movement at Highs

The EUR/USD currency pair continued to move in both directions throughout Tuesday. These movements indicate a flat market. Let us recall that earlier, the pair broke through the ascending trend
Paolo Greco 03:31 2025-06-11 UTC+2

GBP/USD: Trading Plan for the U.S. Session on June 10th (Review of Morning Trades)

In my morning forecast, I drew attention to the 1.3545 level and planned to base market entry decisions on it. Let's look at the 5-minute chart to see what happened
Miroslaw Bawulski 18:26 2025-06-10 UTC+2

EUR/USD: Trading Plan for the U.S. Session on June 10th (Review of Morning Trades)

In my morning forecast, I highlighted the level of 1.1388 and planned to make market entry decisions based on it. Let's take a look at the 5-minute chart
Miroslaw Bawulski 18:22 2025-06-10 UTC+2

How to Trade the GBP/USD Pair on June 10? Simple Tips and Trade Analysis for Beginners

Analysis of Monday's Trades 1H Chart of GBP/USD The GBP/USD pair also traded in both directions on Monday. On Friday, the price consolidated below the ascending trendline, formally changing
Paolo Greco 06:40 2025-06-10 UTC+2

How to Trade the EUR/USD Pair on June 10? Simple Tips and Trade Analysis for Beginners

Analysis of Monday's Trades 1H Chart of EUR/USD The EUR/USD currency pair traded with low volatility and in both directions on Monday. That day, the macroeconomic backdrop was practically absent
Paolo Greco 06:40 2025-06-10 UTC+2

Trading Recommendations and Analysis for GBP/USD on June 10: The Pound Is in No Hurry to Fall Either

On Monday, the GBP/USD currency pair predictably failed to continue its downward movement. Recall that earlier, the price again formed a signal for a trend reversal to bearish—a consolidation below
Paolo Greco 04:11 2025-06-10 UTC+2

Trading Recommendations and Analysis for EUR/USD on June 10: Another Day, Another Dose of Negativity

The EUR/USD currency pair traded mixed throughout Monday. Despite breaking through the trendline, the downward movement (i.e., strengthening the US dollar) never actually began. Thus, technical signals still hold little
Paolo Greco 04:11 2025-06-10 UTC+2

GBP/USD: Trading Plan for the U.S. Session on June 9th (Analysis of Morning Trades)

In my morning forecast, I focused on the 1.3581 level and planned to base entry decisions around it. Let's look at the 5-minute chart and see what happened. The rise
Miroslaw Bawulski 14:16 2025-06-09 UTC+2

EUR/USD: Trading Plan for the U.S. Session on June 9th (Analysis of Morning Trades)

In my morning forecast, I focused on the 1.1430 level and planned to base entry decisions around it. Let's look at the 5-minute chart and see what happened. The pair
Miroslaw Bawulski 14:09 2025-06-09 UTC+2

Top analytics

Relevance up to 19:00 2025-06-11 UTC--5
Trading Recommendations and Analysis for EUR/USD on June 11: Flat Movement at Highs
03:31 2025-06-11
Trading plan
Relevance up to 19:00 2025-06-11 UTC--5
Trading Recommendations and Analysis for GBP/USD on June 11: The Pound Pauses Before a New Surge
03:31 2025-06-11
Trading plan
Relevance up to 08:00 2025-06-15 UTC--5
The Dollar Is Doomed, Though It Doesn't Know It Yet
00:21 2025-06-11
Fundamental analysis
Relevance up to 11:00 2025-06-15 UTC--5
Japan Hopes for a Positive Outcome in Trade Negotiations—Otherwise, Recession and Rising Inflation Loom
00:21 2025-06-11
Fundamental analysis
Relevance up to 10:00 UTC--5
GBP/USD: Labor Market Cools Down, But the Pound Holds Its Ground
00:21 2025-06-11
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.