empty
19.06.2025 08:08 PM
GBP/USD: Simple Trading Tips for Beginner Traders on June 19th (U.S. Session)

Trade Review and Advice for Trading the British Pound

The test of the 1.3394 price level in the first half of the day coincided with the MACD indicator just beginning to move down from the zero line, confirming the accuracy of the trend-based sell entry. However, the pair did not experience a significant decline.

Market participants are hoping for a more cautious stance from the Bank of England regarding interest rates and inflation. This expectation is likely driven by growing concerns about a potential resurgence in inflation. A more aggressive approach to rate policy could result in a stronger upward move in the pound. Unfortunately, apart from the Bank of England's decision, there are no other fundamental statistics today. This shifts the focus to the UK, where any statement by central bank officials regarding monetary policy could cause significant volatility in the pound. The market is on hold, waiting for signals to gauge how determined the regulator is in combating inflation and what trade-offs in economic growth they are willing to accept.

As for the intraday strategy, I will focus on implementing Scenarios #1 and #2.

This image is no longer relevant

Buy Signal

Scenario #1:I plan to buy the pound today upon reaching the entry point around 1.3439 (green line on the chart), with a target of rising to 1.3480 (thicker green line on the chart). Around 1.3480, I will exit long positions and open short positions in the opposite direction, aiming for a 30–35 point move from the level. Any rise in the pound today will likely be limited to a corrective move. Important! Before buying, make sure that the MACD indicator is above the zero line and just beginning to rise.

Scenario #2:I also plan to buy the pound today if there are two consecutive tests of the 1.3394 level while the MACD indicator is in the oversold zone. This will limit the pair's downward potential and lead to a reversal upward. A rise toward 1.3439 and 1.3480 can be expected.

Sell Signal

Scenario #1:I plan to sell the pound today after a breakout below 1.3394 (red line on the chart), which would likely lead to a sharp drop in the pair. The key target for sellers will be 1.3353, where I will exit short positions and open immediate long positions in the opposite direction, aiming for a 20–25 point move from the level. Sellers will gain control if the Bank of England adopts a dovish stance.Important! Before selling, make sure that the MACD indicator is below the zero line and just beginning to decline.

Scenario #2:I also plan to sell the pound today if there are two consecutive tests of the 1.3439 level while the MACD indicator is in the overbought zone. This will limit the pair's upward potential and trigger a downward reversal. A decline toward 1.3394 and 1.3353 can be expected.

This image is no longer relevant

Chart Guide:

  • Thin green line – Entry price for long positions
  • Thick green line – Approximate price to set Take Profit or manually fix profits, as further growth is unlikely above this level
  • Thin red line – Entry price for short positions
  • Thick red line – Approximate price to set Take Profit or manually fix profits, as further decline is unlikely below this level
  • MACD Indicator – It's important to consider overbought and oversold zones when entering the market

Important:Beginner Forex traders should be very cautious when making market entry decisions. It's best to stay out of the market before the release of important fundamental reports to avoid sharp price swings. If you decide to trade during news releases, always use stop-loss orders to minimize losses. Without stop-losses, you may quickly lose your entire deposit, especially if you don't apply money management and trade with large volumes.

And remember, successful trading requires a clear plan, like the one presented above. Spontaneous decisions based on current market movements are 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
  • 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 July 8th (U.S. Session)

Trade Analysis and Recommendations for the Japanese Yen The price test at 146.19 occurred at the moment when the MACD indicator had just started to move downward from the zero

Jakub Novak 12:59 2025-07-08 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on July 8th (U.S. Session)

Trade Analysis and Recommendations for the British Pound The price test at 1.3621 coincided with the MACD indicator just beginning to move downward from the zero line, which confirmed

Jakub Novak 12:55 2025-07-08 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on July 8th (U.S. Session)

Trade Analysis and Recommendations for the Euro The price test at 1.1751 coincided with the MACD indicator just beginning to move upward from the zero line, which confirmed the validity

Jakub Novak 12:53 2025-07-08 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on July 8th. Analysis of Yesterday's Forex Trades

Trade Analysis and Tips for Trading the Japanese Yen The test of the 145.62 level occurred when the MACD indicator had already moved significantly above the zero line, which limited

Jakub Novak 12:09 2025-07-08 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on July 8. Analysis of Yesterday's Forex Trades

Trade Analysis and Tips for Trading the British Pound The test of the 1.3614 level occurred when the MACD indicator had already moved significantly above the zero mark, which limited

Jakub Novak 11:56 2025-07-08 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on July 8. Analysis of Yesterday's Forex Trades

Trade Analysis and Tips for Trading the Euro The test of the 1.1718 level occurred when the MACD indicator had just started to move downward from the zero mark, which

Jakub Novak 11:51 2025-07-08 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders for July 7th (U.S. Session)

Trade Review and Tips for Trading the Japanese Yen The price test at 145.10 occurred when the MACD indicator had already moved far above the zero mark, limiting the pair's

Jakub Novak 19:52 2025-07-07 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders for July 7th (U.S. Session)

Trade Review and Tips for Trading the British Pound The price test at 1.3608 occurred when the MACD indicator had just begun to move down from the zero level, which

Jakub Novak 19:26 2025-07-07 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders for July 7th (U.S. Session)

Trade Review and Tips for Trading the Euro The price test at 1.1763 occurred at a time when the MACD indicator was just beginning to move down from the zero

Jakub Novak 19:16 2025-07-07 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on July 7th. Review of Yesterday's Forex Trades

Trade Review and Tips for Trading the Japanese Yen The price test of 144.52 occurred when the MACD indicator had already moved far above the zero line, which limited

Jakub Novak 09:34 2025-07-07 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

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.