empty
19.06.2025 11:13 AM
Forecast for GBP/USD on June 19, 2025

On the hourly chart, the GBP/USD pair continued its decline on Tuesday and Wednesday after bouncing off the resistance zone of 1.3611–1.3633 and closed below the support zone of 1.3425–1.3444. Thus, the decline may continue today toward the support zone of 1.3357–1.3373. However, it's worth noting that the Bank of England's meeting results will be announced in a few hours, which may change market sentiment. In my view, the dollar has already exceeded its growth expectations over the past few days.

This image is no longer relevant

The wave pattern indicates the end of the "bullish" trend. The last upward wave did not break above the previous wave's peak, while the last downward wave broke below the previous low. Bulls continue to struggle to support further growth without new negative news from the U.S. president, so for now, they have temporarily retreated. I assume this retreat may not last long.

On Wednesday, there was no news from Donald Trump, and the FOMC meeting only slightly aided the bears. A few days ago, Trump indicated that negotiations with Iran over the nuclear deal had failed, stating that "their time is up." Since then, the media has been actively speculating that the U.S. may strike Iran's military and nuclear facilities in the coming days. Trump has repeatedly stated that Iran cannot and will not possess nuclear weapons. As we can see, these were not just words. It is also reported that an attack plan on Iran has already been formed and approved by the U.S. president, but Trump is still hesitating to give the order, hoping that Tehran will ultimately abandon its nuclear program.

The Bank of England meeting is scheduled for today and is expected to be just as uneventful as the FOMC meeting on Wednesday evening. Traders do not expect a rate cut, as one already occurred just a month and a half ago. Moreover, the Bank of England is not in a position to cut rates at every meeting—inflation remains too high.

This image is no longer relevant

On the 4-hour chart, the pair returned to the 100.0% Fibonacci level at 1.3435 and consolidated below it. Thus, the decline may continue toward the next corrective level of 76.4% – 1.3118. Bears also managed to break below the ascending trend channel. The trend may now be shifting to "bearish," although I do not currently anticipate a strong decline in the British pound. No imminent divergences are forming on any indicators today.

Commitments of Traders (COT) Report:

This image is no longer relevant

Sentiment among the "Non-commercial" trader category became significantly more bullish in the latest reporting week. The number of long positions held by speculators rose by 7,404, while short positions fell by 9,015. Bears have long lost their advantage in the market and now have little chance of success. The gap between long and short positions is 51,000 in favor of the bulls: 111,000 vs. 59,000.

In my view, the pound still faces downside risks, but recent developments have shifted the long-term market outlook. Over the past three months, the number of long positions has increased from 65,000 to 111,000, while shorts have declined from 76,000 to 59,000. Under Donald Trump, confidence in the dollar has weakened, and the COT reports show that traders have little appetite for buying the greenback. Therefore, regardless of the overall news backdrop, the dollar has only been falling amid developments related to Trump.

News Calendar for the U.S. and the U.K.:

  • U.K. – Bank of England interest rate decision (11:00 UTC)
  • U.K. – MPC vote results on interest rate (11:00 UTC)
  • U.K. – Bank of England monetary policy statement (11:00 UTC)

On Thursday, the economic calendar includes three key events. The impact of the news background on trader sentiment may be significant in the coming hours.

GBP/USD Outlook and Trading Recommendations:

Selling the pair was possible after a rebound from the resistance zone of 1.3611–1.3620 with targets at 1.3527 and 1.3444. New selling opportunities arose after a close below the 1.3425–1.3444 zone, targeting 1.3357–1.3373. Buying is advisable from a bounce off the 1.3357–1.3373 zone or a close above 1.3425–1.3444 with a target at 1.3527.

The Fibonacci grids are drawn from 1.3446 to 1.3139 on the hourly chart and from 1.3431 to 1.2104 on the 4-hour chart.

Samir Klishi,
InstaForex के विश्लेषणात्मक विशेषज्ञ
© 2007-2025
Summary
Urgency
Analytic
Grigory Sokolov
Start trade
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.
    कॉन्टेस्ट में हिस्सा लें

अनुशंसित लेख

EUR/USD – 29 जुलाई. स्मार्ट मनी सिस्टम विश्लेषण

हम एक मज़बूत तेज़ी का रुझान देख रहे हैं, जिसके खत्म होने के कोई संकेत नहीं दिख रहे हैं। इसे अभी भी पूरा मानने का कोई कारण नहीं है। मैं

Samir Klishi 19:31 2025-07-29 UTC+2

29 जुलाई, 2025 को EUR/USD का पूर्वानुमान

सोमवार को, EUR/USD जोड़ी ने अमेरिकी डॉलर के पक्ष में रुख पलट दिया और 1.1574 पर 100.0% फिबोनाची रिट्रेसमेंट स्तर की ओर तीव्र गिरावट दर्ज की। निस्संदेह, समाचार पृष्ठभूमि के

Samir Klishi 19:31 2025-07-29 UTC+2

24 जुलाई, 2025 को EUR/USD का पूर्वानुमान

बुधवार को, EUR/USD जोड़ी 1.1712 पर 127.2% फिबोनाची रिट्रेसमेंट स्तर से उछली, यूरो के पक्ष में पलटी, और 1.1802 के स्तर की ओर बढ़ती रही। 1.1802 से उछाल अमेरिकी डॉलर

Samir Klishi 19:49 2025-07-24 UTC+2

24 जुलाई, 2025 को GBP/USD का पूर्वानुमान

प्रति घंटा चार्ट पर, GBP/USD जोड़ी बुधवार को 1.3530 पर 61.8% फिबोनाची रिट्रेसमेंट स्तर से ऊपर समेकित हुई और 1.3579 पर 50.0% के स्तर तक पहुँच गई। आज, इस स्तर

Samir Klishi 19:46 2025-07-24 UTC+2

24 से 27 जुलाई, 2025 के लिए बिटकॉइन के ट्रेडिंग सिग्नल: $117,000 के ऊपर खरीदें (6/8 मरे - 21 SMA)।

ईगल इंडिकेटर 21 जुलाई से सकारात्मक संकेत दिखा रहा है। संभावना है कि आने वाले दिनों में बिटकॉइन में कोई भी वापसी खरीदारी जारी रखने के लिए संकेत के रूप

Dimitrios Zappas 09:42 2025-07-24 UTC+2

यदि S&P 500 इंडेक्स का सपोर्ट स्तर 6327.24 आज के नीचे की ओर सुधार को सहन कर लेता है, तो यह फिर से मजबूती की ओर ले जाएगा। गुरुवार, 24 जुलाई, 2025।

S&P 500 इंडेक्स – गुरुवार, 24 जुलाई, 2025। गोल्डन क्रॉस EMA(50) के EMA(200) के ऊपर होने के कारण खरीदार काफी हावी हैं। हालांकि RSI(14) संकेतक एक तटस्थ तेजी के स्तर

Arief Makmur 09:37 2025-07-24 UTC+2

हालांकि खरीदार अब भी नैस्डैक 100 इंडेक्स पर हावी हैं, लेकिन आज, गुरुवार, 24 जुलाई, 2025 को नीचे की ओर सुधार की संभावना है।

नैस्डैक 100 इंडेक्स – गुरुवार, 24 जुलाई, 2025। नैस्डैक 100 इंडेक्स की कीमत की चाल और RSI(14) इंडिकेटर के बीच विचलन प्रकट होने से संकेत मिलता है कि #NDX के

Arief Makmur 09:32 2025-07-24 UTC+2

AUD/USD के लिए सभी तकनीकी संकेतक स्थिति बुधवार, 23 जुलाई, 2025 को महत्वपूर्ण मजबूती का संकेत देती है।

AUD/USD – बुधवार, 23 जुलाई, 2025. AUD/USD के सभी तकनीकी संकेतक महत्वपूर्ण मजबूती का संकेत दे रहे हैं, जिसमें 50-दिवसीय मूविंग एवरेज (EMA) और 200-दिवसीय मूविंग एवरेज (EMA) का गोल्डन

Arief Makmur 19:58 2025-07-23 UTC+2

USD/JPY की भविष्यवाणी - 23 जुलाई, 2025

आज सुबह, कीमत 146.29 के समर्थन स्तर तक पहुंची और निर्णायक रूप से ऊपर की ओर मुड़ी। यह देखना बाकी है कि क्या यह दृढ़ता 148.66 को तोड़ने के लिए

Laurie Bailey 07:20 2025-07-23 UTC+2

GBP/USD – 22 जुलाई: पाउंड ने मंदी का रुख तोड़ा

प्रति घंटा चार्ट पर, GBP/USD जोड़ी ने सोमवार को पाउंड के पक्ष में एक नया उलटफेर किया और 76.4% फिबोनाची स्तर से ऊपर 1.3470 पर समेकित हुई, जिससे पिछले दो

Samir Klishi 19:19 2025-07-22 UTC+2
अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.
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.