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
23.06.2025 12:12 AM
British Pound: Weekly Preview
Open trading account Open demo account

This image is no longer relevant

The dynamics of the British pound will also not be driven by the pound itself or domestic UK news. The reasons are the same: the U.S. involvement in the Middle East conflict could have long-term consequences, even though the confrontation between Iran and the U.S. has been ongoing for 40 years. What we're witnessing now is merely a new escalation of an old conflict. However, this escalation could trigger fresh shocks for global markets. As I've already noted, oil prices may continue to rise, which means higher production and transportation costs worldwide—and, consequently, rising inflation.

In the UK, there is no drama over the recent increase in the consumer price index, which is attributed to rising energy prices. The Bank of England believes that the acceleration of inflation will not be sustainable or long-lasting. However, oil prices could continue to rise and may remain high instead of dropping back to $60.

Let's not forget that America has entered a new open conflict despite Donald Trump's rise to office as the world's supposed chief peacemaker. Many experts even claimed that Trump aspired to win a Nobel Peace Prize for resolving various global conflicts. However, after five months, Trump is effectively losing to himself with a score of 0–1. Zero conflicts have been resolved under his direct involvement. One conflict has intensified and now threatens to "blow up" the Middle East. Even Syria is reportedly ready to join the war against Israel. And if we recall Trump's claim that he could end the Russia–Ukraine conflict in 24 hours, that would bring the score to 0–2—not in the U.S. president's favor.

Back to Britain. On Monday, we will see the release of the services and manufacturing PMIs. On Tuesday, there will be a speech from BoE Governor Andrew Bailey, followed by another speech from Bailey on Thursday. On Friday, the final Q1 GDP estimate will be published. I'm interested in Bailey's remarks, as last week's BoE meeting passed without his commentary. Hearing the Governor's views and expectations on key economic indicators would be helpful. Nonetheless, most market attention will focus on the Iran–Israel–U.S. conflict.

This image is no longer relevant

Wave Structure for EUR/USD:

Based on the analysis of EUR/USD, I conclude that the instrument continues forming an upward trend segment. The wave pattern still completely depends on the news backdrop related to Trump's decisions and U.S. foreign policy. The targets of wave 3 could extend up to the 1.25 area. Therefore, I consider buying positions with initial targets around 1.1708, corresponding to the 127.2% Fibonacci level. A de-escalation of the trade war could reverse the upward trend, but currently, there are no signs of either a reversal or de-escalation.

This image is no longer relevant

Wave Structure for GBP/USD:

The wave pattern for GBP/USD remains unchanged. We are dealing with an upward, impulsive trend segment. With Trump, markets may still face many shocks and reversals that could seriously impact wave structures, but at the moment, the working scenario remains intact, and Trump continues to do everything possible to reduce demand for the dollar. The targets of the upward wave 3 are near 1.3708, corresponding to the 200.0% Fibonacci level from the presumed global wave 2. Therefore, I continue to consider buying positions, as the market shows no intention of reversing the trend.

My Core Analytical Principles:

  1. Wave structures should be simple and clear. Complex structures are hard to trade and often change.
  2. If you're uncertain about what's happening in the market, it's better to stay out.
  3. Absolute certainty in price direction never exists. Don't forget to use protective Stop Loss orders.
  4. Wave analysis can be combined with other types 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
Fundamental analysis
USD/JPY. Analysis and Forecast The USD/JPY pair is holding above the key 144.00 level amid continued weakness in the U.S. dollar. Strong household spending data released today in Japan has strengthened expectations
Irina Yanina
18:12 2025-07-04 +02:00
1330
Fundamental analysis
NZD/USD. Analysis and Forecast The NZD/USD currency pair is recovering after bouncing from the 0.6030 level, which marks a weekly low, and is attempting to gain further positive momentum. This suggests a break
Irina Yanina
18:08 2025-07-04 +02:00
1615
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. Analysis and Forecast

The USD/JPY pair is holding above the key 144.00 level amid continued weakness in the U.S. dollar. Strong household spending data released today in Japan has strengthened expectations
Irina Yanina 18:12 2025-07-04 UTC+2

NZD/USD. Analysis and Forecast

The NZD/USD currency pair is recovering after bouncing from the 0.6030 level, which marks a weekly low, and is attempting to gain further positive momentum. This suggests a break
Irina Yanina 18:08 2025-07-04 UTC+2

USD/CAD. Analysis and Forecast

On Friday, the USD/CAD pair remains near a three-week low, trading below the key 1.3600 level. The U.S. dollar is struggling to extend its gains following yesterday's stronger-than-expected Nonfarm Payrolls
Irina Yanina 17:59 2025-07-04 UTC+2

The Market Celebrates a Victory

Financial markets responded positively to the release of U.S. employment statistics for June. Payrolls rose by 143,000, exceeding Bloomberg analysts' forecasts. April and May figures were revised upward
Marek Petkovich 10:15 2025-07-04 UTC+2

Next Week May Begin on a Positive Note for the Markets (Possible Resumption of Growth in #SPX and #NDX)

The U.S. labor market data, published by the Department of Labor, instilled cautious optimism among investors, extending the rally in U.S. equity markets, supporting the dollar, and weakening gold prices
Pati Gani 10:09 2025-07-04 UTC+2

The Market is Preparing for Another Shock

Just yesterday, U.S. President Donald Trump announced that his administration would begin sending letters to trade partners on Friday, outlining unilateral tariff rates that, according to him, countries will
Jakub Novak 09:55 2025-07-04 UTC+2

Strong U.S. Employment Report Exceeds All Expectations

The U.S. dollar surged against a range of risk assets as the key figures in June's employment report convinced the Federal Reserve that there is no need to lower interest
Jakub Novak 09:49 2025-07-04 UTC+2

What to Pay Attention to on July 4? A Breakdown of Fundamental Events for Beginners

No macroeconomic reports are scheduled for Friday. As previously mentioned, today is a public holiday in the United States, known as Independence Day. All banks and stock exchanges will
Paolo Greco 07:59 2025-07-04 UTC+2

GBP/USD Overview – July 4: Reeves Cried — Did the Pound Collapse?

The GBP/USD currency pair also traded fairly calmly throughout Thursday until the start of the U.S. trading session. Recall that a day earlier, the British currency had plummeted by nearly
Paolo Greco 03:56 2025-07-04 UTC+2

EUR/USD Overview – July 4: Trump's Third Trade Deal Didn't Help the Dollar Either

The EUR/USD currency pair traded very calmly throughout Thursday, until unemployment and labor market reports were released in the United States. However, we will discuss those reports in other articles
Paolo Greco 03:56 2025-07-04 UTC+2

Top analytics

Relevance up to 06:00 UTC--5
GBP/USD: Trading Plan for the U.S. Session on July 4th (Review of Morning Trades)
18:20 2025-07-04
Trading plan
Relevance up to 07:00 UTC--5
USD/JPY: Simple Trading Tips for Beginner Traders – July 4th (U.S. Session)
18:58 2025-07-04
Forecast
Relevance up to 06:00 UTC--5
EUR/USD: Trading Plan for the U.S. Session on July 4th (Review of Morning Trades)
18:16 2025-07-04
Trading plan
Relevance up to 07:00 UTC--5
EUR/USD: Simple Trading Tips for Beginner Traders – July 4th (U.S. Session)
18:52 2025-07-04
Forecast
Relevance up to 07:00 UTC--5
GBP/USD: Simple Trading Tips for Beginner Traders – July 4th (U.S. Session)
18:53 2025-07-04
Forecast
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.